Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality," the Fed says. They "should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment." The Fed also notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems."

In addition to conforming 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 I can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at ROBERT LITTLE APPRAISALS, LLC, I am experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers. 

I understand what makes a quality appraisal and what the most common deficiencies are, especially in my home market. At the same time, I am professional enough to recognize that my competitors in my market are capable of doing a good job! The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on me to ethically evaluate appraisal reports performed by others. Those others may be reviewing my work, too! 

In short, here at ROBERT LITTLE APPRAISALS, LLC, you can rely on my independent judgment, because I offer professional, objective, and ethical appraisal review services for my clients. Browse my website to learn more about my qualifications, expertise and services offered.