Experienced Appraisal Reviews by Western Washington Appraisal and Real Estate Services LLC

As said in a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Western Washington Appraisal and Real Estate Services LLC provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's regulations.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. They "must also show whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement routine reviews with post-funding assessments of appraisal quality for some of their higher-risk or greater-value dealings as a method to aid in discovering valuation complications."

In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will 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 Western Washington Appraisal and Real Estate Services LLC, we are skilled in every kind of appraisal review, review process and the requirements of review appraisers.