Qualified Appraisal Reviews with TyCar Properties

As said in a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews must "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's regulations, look no further than TyCar Properties.

The Federal Reserve says appraisal reviews "should figure out whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is collected ensures independence and quality." They "should also indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions supplement periodic reviews with post-funding assessments of appraisal quality for some of their high-liability or high-value contracts as a channel to assist in revealing valuation dilemmas."

In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can 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 TyCar Properties, we are trained in every type of appraisal review, review practice and the obligations of review appraisers.