Expert Appraisal Reviews by Schwab Appraisal LLC

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews must "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Schwab Appraisal LLC provides appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's rules.

Appraisal reviews "ought to verify whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. In addition, they "should demonstrate whether the appraisal or evaluation report matches the engagement letter, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for a few of their high-liability or higher-value transactions as a channel to aid in addressing valuation dilemmas."

In addition to conforming 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 will produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Schwab Appraisal LLC, we are trained in all forms of appraisal reviews, review procedures and the obligations of review appraisers.