Qualified Appraisal Reviews by Yahara Appraisals LLC

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews are obligated to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Yahara Appraisals LLC, we provide appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "must verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also show whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement regular reviews with post-funding evaluations of appraisal quality for any of their high-liability or high-value transactions as a means to help in exposing valuation issues."

In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can produce 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 Yahara Appraisals LLC, we're trained in every type of appraisal review, review practice and the obligations of review appraisers.