Expert Appraisal Reviews by Atlantic Appraisal Services LLC

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews must "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Atlantic Appraisal Services LLC provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations.

The Federal Reserve says appraisal reviews "must find out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is obtained guarantees independence and quality." In addition, they "should demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some banks add regular reviews with post-funding evaluations of appraisal quality for a number of their high-risk or high-value transactions as a way to assist in addressing valuation concerns."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll 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. At Atlantic Appraisal Services LLC, we're skilled in all forms of appraisal reviews, review procedures and the requirements of review appraisers.