Appraisal Reviews by Dawson Appraisal Inc.

As said in a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews should "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Dawson Appraisal Inc. provides appraisal review services that are objective, expert, professional and square with the Federal Reserve's rules.

Appraisal reviews "must verify whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. They "should also announce whether the appraisal or evaluation report matches the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve says that "some banks add regular reviews with post-funding assessments of appraisal quality for any of their higher-risk or large-value transactions as a way to assist in addressing valuation problems."

In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll develop 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 Dawson Appraisal Inc., we are experienced in every kind of appraisal review, review process and the obligations of review appraisers.