Quality Appraisal Reviews with Clarity Valuation, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews should "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Clarity Valuation, Inc., we provide appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is acquired guarantees independence and quality." Moreover, they "should demonstrate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks reinforce typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or larger-value dealings as a channel to aid in addressing valuation concerns."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll produce 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 Clarity Valuation, Inc., we're skilled in every kind of appraisal review, review process and the responsibilities of review appraisers.