Appraisal Reviews by Timeline Appraisal Services, LLC

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation programs," and that appraisers performing reviews ought to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules, just contact Timeline Appraisal Services, LLC.

As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is collected guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report is true to the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or high-value contracts as a channel to assist in discovering valuation dilemmas."

In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will prepare an appraisal review on any 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 qualified in all kinds of appraisal reviews, review practices and the requirements of review appraisers.