Proffesional Services

The Federal Reserve has recently reiterated that "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality," the Fed says. (http://www.frbatlanta.org; Financial Update (Fourth Quarter 2004)

In addition to conforming our work to supplemental guidelines of our clients, there are several Fannie Mae forms that are generally used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. RVM-Consulting is experienced in various types of appraisal reviews, underwriting/risk analysis, review procedures and responsibilities of the review appraiser.