Appraisal Reviews by Fusion Enterprises LLC

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews should "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Fusion Enterprises LLC provides appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's regulations.

According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is collected guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks augment regular reviews with post-funding surveys of appraisal quality for any of their higher-risk or greater-value contracts as a method to assist in revealing valuation problems."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll develop 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 Fusion Enterprises LLC, we are skilled in all kinds of appraisal reviews, review practices and the requirements of review appraisers.