Appraisal Reviews by McLaughlin Property Valuation Services

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews must "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." McLaughlin Property Valuation Services provides appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is collected ensures independence and quality." They "must also announce whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the scope of the appraisal assignment." The Federal Reserve also states that "some financial institutions supplement regular reviews with post-funding assessments of appraisal quality for some of their high-risk or larger-value affairs as a control to help in identifying valuation issues."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will produce 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 McLaughlin Property Valuation Services, we are qualified in every form of appraisal review, review process and the obligations of review appraisers.