Experienced Appraisal Reviews by JB Appraisals LLC

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At JB Appraisals LLC, we provide appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality." Moreover, they "must announce whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve states that "some institutions supplement periodic reviews with post-funding evaluations of appraisal quality for any of their high-liability or higher-value contracts as a way to help in identifying valuation dilemmas."

In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are generally 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. Here at JB Appraisals LLC, we are trained in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.