a la mode, inc. Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at a la mode, inc., we provide appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is accomplished guarantees independence and quality." They "should also signify whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also notes that "some banks augment regular reviews with post-funding surveys of appraisal quality for any of their higher-risk or large-value dealings as a way to aid in exposing valuation dilemmas."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at a la mode, inc., we are skilled in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.