Expert Appraisal Reviews by Webb Appraisers, LLC

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to evaluate 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 guidelines, look no further than Webb Appraisers, LLC.

The Federal Reserve says appraisal reviews "must verify whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished guarantees independence and quality." They "should also show 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 states that "some banks add routine reviews with post-funding assessments of appraisal quality for any of their high-liability or larger-value contracts as a method to help in addressing valuation complications."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Webb Appraisers, LLC, we are trained in every type of appraisal review, review procedure and the responsibilities of review appraisers.