Experienced Appraisal Reviews with Saxton Appraisals, Inc.

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the knowledge and skillfulness to determine 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 in accordance with the Federal Reserve's regulations.

Appraisal reviews "ought to verify whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "must also signify whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment regular reviews with post-funding evaluations of appraisal quality for some of their higher-risk or high-value transactions as a way to assist in addressing valuation dilemmas."

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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. At Saxton Appraisals, Inc., we're experienced in all forms of appraisal reviews, review procedures and the requirements of review appraisers.