Appraisal Reviews with ATP Real Estate Services

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the ability and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At ATP Real Estate Services, we provide appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality." They "must also demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or high-value transactions as a channel to help in exposing valuation complications."

In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll prepare 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 ATP Real Estate Services, we are skilled in every form of appraisal review, review practice and the responsibilities of review appraisers.