Appraisal Reviews by Ellen Louise Fowler

According to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews ought to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Ellen Louise Fowler , we provide appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "have to determine whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. Moreover, they "should indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve states that "some institutions add periodic reviews with post-funding assessments of appraisal quality for a number of their high-liability or larger-value transactions as a control to assist in detecting valuation problems."

In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can prepare 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 Ellen Louise Fowler , we are skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.