North Georgia Residential Appraisals, LLC

"Values You Can Depend On"

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Appraisal Reviews

 

An appraisal review is an appraisal of an appraisal: a critique of the report under review. The Federal Reserve has recently reiterated that financial institutions must have an effective, independent real estate appraisal and evaluation program and that appraisers performing reviews should have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines.


Appraisal reviews should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality. They should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment. 

 

We, North Georgia Residential Appraisals, provide appraisal review services that are independent, qualified and professional. We strive to provide an accurate and professional service to all of our clients: banks, mortgage companies, realtors, and home owners.