Quality Appraisal Reviews by Cotrill Realty Group

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's rules, look no further than Cotrill Realty Group.

Appraisal reviews "have to decide whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add routine reviews with post-funding evaluations of appraisal quality for any of their higher-liability or high-value contracts as a way to help in exposing valuation disputes."

In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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. At Cotrill Realty Group, we are experienced in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.