Qualified Appraisal Reviews with Timeline Appraisal Services, LLC

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews must "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Timeline Appraisal Services, LLC provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality." Moreover, they "should demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some banks add typical reviews with post-funding surveys of appraisal quality for some of their high-risk or large-value affairs as a control to aid in exposing valuation issues."

In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Timeline Appraisal Services, LLC, we're skilled in all forms of appraisal reviews, review practices and the requirements of review appraisers.