Appraisal Reviews with MAK Appraisal Group, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews must "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." MAK Appraisal Group, Inc provides appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's guidelines.

According to the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality." They "should also indicate whether the appraisal or evaluation report matches the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions supplement periodic reviews with post-funding evaluations of appraisal quality for any of their higher-liability or greater-value transactions as a channel to assist in discovering valuation concerns."

In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can prepare 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 MAK Appraisal Group, Inc, we are skilled in every kind of appraisal review, review process and the requirements of review appraisers.