Appraisal Reviews by Streamline Appraisals/Tim Taylor Realty

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Streamline Appraisals/Tim Taylor Realty, we provide appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is attained ensures independence and quality." They "must also show whether the appraisal or evaluation report is even with the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions supplement routine reviews with post-funding assessments of appraisal quality for a number of their higher-liability or higher-value contracts as a means to assist in exposing valuation problems."

In addition to conforming 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 Streamline Appraisals/Tim Taylor Realty, we're skilled in every type of appraisal review, review process and the responsibilities of review appraisers.