Ali'i Appraisals LLC Appraisal Reviews

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews have to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines, look no further than Ali'i Appraisals LLC.

Appraisal reviews "ought to find out whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. In addition, they "must denote whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also notes that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for some of their high-risk or larger-value dealings as a method to help in revealing valuation dilemmas."

In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically 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 Ali'i Appraisals LLC, we're experienced in all forms of appraisal reviews, review processes and the obligations of review appraisers.