Monholland Appraisals, LLC Appraisal Reviews

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Monholland Appraisals, LLC provides appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's guidelines.

Appraisal reviews "have to decide whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality," according to the Federal Reserve. Moreover, they "should denote whether the appraisal or evaluation report is even with the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add routine reviews with post-funding assessments of appraisal quality for a number of their higher-liability or greater-value affairs as a way to aid in addressing valuation disputes."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will develop 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 Monholland Appraisals, LLC, we are skilled in all forms of appraisal reviews, review practices and the requirements of review appraisers.