Appraisal Reviews by Fritsch Appraisals LLC

As said in a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's rules, look no further than Fritsch Appraisals LLC.

According to the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality." They "should also announce whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also says that "some financial institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or higher-value dealings as a control to aid in exposing valuation concerns."

In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are largely 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 Fritsch Appraisals LLC, we're experienced in all kinds of appraisal reviews, review processes and the requirements of review appraisers.