Expert Appraisal Reviews by TLT Appraisal Service

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's guidelines, look no further than TLT Appraisal Service.

Appraisal reviews "should decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. They "should also show whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for some of their high-liability or higher-value contracts as a method to help in detecting valuation concerns."

In addition to coordinating our work to the regulations 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. At TLT Appraisal Service, we are trained in all types of appraisal reviews, review practices and the requirements of review appraisers.