Quality Appraisal Reviews by Bartell Appraisal Services, LLC

According to a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Bartell Appraisal Services, LLC provides appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules.

Appraisal reviews "must conclude whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. Moreover, they "should announce whether the appraisal or evaluation report is even with the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or high-value transactions as a method to aid in identifying valuation disputes."

In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will develop 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 Bartell Appraisal Services, LLC, we are skilled in every kind of appraisal review, review practice and the responsibilities of review appraisers.