Expert Appraisal Reviews by Casey R. Brossette

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews have to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Casey R. Brossette, we provide appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's guidelines.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is true to the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a number of their high-risk or greater-value transactions as a control to aid in identifying valuation disputes."

In addition to tailoring 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 can 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. At Casey R. Brossette, we're qualified in every kind of appraisal review, review procedure and the obligations of review appraisers.