Appraisal Reviews by Colorado Mountain Products & Services

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews are obligated to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's guidelines, just contact Colorado Mountain Products & Services.

Appraisal reviews "ought to decide whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. Moreover, they "should signify whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also states that "some financial institutions add regular reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value dealings as a channel to aid in addressing valuation concerns."

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'll develop 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 Colorado Mountain Products & Services, we are qualified in all kinds of appraisal reviews, review processes and the requirements of review appraisers.