Appraisal Reviews by Metric Appraisals, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews ought to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Metric Appraisals, LLC provides appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's rules.

Appraisal reviews "should verify whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "should also show whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions augment regular reviews with post-funding assessments of appraisal quality for some of their high-risk or larger-value contracts as a means to aid in discovering valuation concerns."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can 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. At Metric Appraisals, LLC, we are experienced in all forms of appraisal reviews, review procedures and the requirements of review appraisers.