Saxton Appraisals, Inc. Appraisal Reviews

According to an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Saxton Appraisals, Inc. provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's regulations.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. Moreover, they "should demonstrate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks add periodic reviews with post-funding evaluations of appraisal quality for some of their higher-risk or larger-value dealings as a means to aid in exposing valuation problems."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Saxton Appraisals, Inc., we're experienced in every kind of appraisal review, review practice and the obligations of review appraisers.