Appraisal Reviews by AMT Appraisals

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews are obligated to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." AMT Appraisals provides appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "ought to determine whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality." They "must also announce whether the appraisal or evaluation report matches the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks reinforce typical reviews with post-funding surveys of appraisal quality for any of their higher-risk or larger-value contracts as a method to aid in revealing valuation concerns."

In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at AMT Appraisals, we're experienced in all forms of appraisal reviews, review processes and the obligations of review appraisers.