Appraisal Reviews with Timeline Appraisal Services, LLC

According to a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the ability and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At Timeline Appraisal Services, LLC, we provide appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's regulations.

Appraisal reviews "should find out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must signify whether the appraisal or evaluation report is even with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve states that "some banks augment periodic reviews with post-funding evaluations of appraisal quality for any of their high-liability or higher-value contracts as a means to help in identifying valuation disputes."

In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will formulate 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 Timeline Appraisal Services, LLC, we're skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.