Quality Appraisal Reviews by SWFL Residential Appraisal Services, LLC.

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." SWFL Residential Appraisal Services, LLC. provides appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's guidelines.

According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is collected ensures independence and quality." In addition, they "must indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also states that "some institutions augment regular reviews with post-funding evaluations of appraisal quality for some of their higher-liability or greater-value dealings as a method to aid in revealing valuation dilemmas."

In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can formulate 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 SWFL Residential Appraisal Services, LLC., we are experienced in all types of appraisal reviews, review processes and the requirements of review appraisers.