Appraisal Reviews with Timeline Appraisal Services, LLC

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Timeline Appraisal Services, LLC, we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's regulations.

Appraisal reviews "ought to verify whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is even with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks add periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or larger-value transactions as a means to aid in discovering valuation problems."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can prepare 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 experienced in every type of appraisal review, review practice and the requirements of review appraisers.