Appraisal Reviews by MCM Appraisal, LLC

According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers fulfilling reviews are obligated to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At MCM Appraisal, LLC, we provide appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's regulations.

The Federal Reserve says appraisal reviews "ought to find out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve notes that "some institutions supplement typical reviews with post-funding assessments of appraisal quality for some of their higher-risk or high-value contracts as a means to assist in exposing valuation problems."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at MCM Appraisal, LLC, we are qualified in every kind of appraisal review, review practice and the responsibilities of review appraisers.