Appraisal Reviews by Lyman Appraisal Services, LLC

As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews have to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's regulations, just contact Lyman Appraisal Services, LLC.

Appraisal reviews "should decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. Moreover, they "should indicate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement periodic reviews with post-funding surveys of appraisal quality for any of their higher-risk or higher-value contracts as a way to help in revealing valuation disputes."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will produce 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 Lyman Appraisal Services, LLC, we're qualified in every form of appraisal review, review practice and the obligations of review appraisers.