Expert Appraisal Reviews by D. Robbins & Associates, Inc.

According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews have to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at D. Robbins & Associates, Inc., we provide appraisal review services that are independent, expert, professional and square with the Federal Reserve's rules.

Appraisal reviews "must determine whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must indicate whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also says that "some banks add periodic reviews with post-funding assessments of appraisal quality for any of their higher-risk or greater-value dealings as a channel to assist in discovering valuation concerns."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will 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. Here at D. Robbins & Associates, Inc., we're trained in every type of appraisal review, review procedure and the responsibilities of review appraisers.