Quality Appraisal Reviews by Appraisers Cooperative Inc.

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Topeseun Inc. provides appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "should verify whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report matches the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also says that "some banks augment regular reviews with post-funding surveys of appraisal quality for a number of their higher-liability or high-value affairs as a means to assist in detecting valuation problems."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Topeseun Inc., we're experienced in every kind of appraisal review, review process and the responsibilities of review appraisers.