Quality Appraisal Reviews with Aulbaugh and Associates, LLC

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's regulations, look no further than Aulbaugh and Associates, LLC.

Appraisal reviews "should find out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. In addition, they "must denote whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add periodic reviews with post-funding evaluations of appraisal quality for some of their higher-risk or larger-value contracts as a control to assist in exposing valuation complications."

In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Aulbaugh and Associates, LLC, we are experienced in all types of appraisal reviews, review processes and the obligations of review appraisers.