Appraisal Reviews by Dawson Appraisal Services, LLC

As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews have to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Dawson Appraisal Services, LLC, we provide appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's regulations.

Appraisal reviews "have to decide whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some banks reinforce periodic reviews with post-funding assessments of appraisal quality for some of their higher-risk or higher-value dealings as a way to assist in identifying valuation dilemmas."

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Dawson Appraisal Services, LLC, we are qualified in every form of appraisal review, review practice and the requirements of review appraisers.