Experienced Appraisal Reviews with Saxton Appraisals, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Saxton Appraisals, Inc., we provide appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "have to figure out whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions augment periodic reviews with post-funding surveys of appraisal quality for any of their high-liability or greater-value contracts as a control to assist in identifying valuation disputes."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will 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 Saxton Appraisals, Inc., we are experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.