Appraisal Reviews by Dolan Appraisal Company, Inc.

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Dolan Appraisal Company, Inc., we provide appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's guidelines.

Appraisal reviews "must conclude whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. Moreover, they "should denote whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions reinforce regular reviews with post-funding surveys of appraisal quality for any of their higher-risk or large-value contracts as a channel to help in discovering valuation issues."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll 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. Here at Dolan Appraisal Company, Inc., we're skilled in every form of appraisal review, review procedure and the requirements of review appraisers.