Appraisal Reviews with Dougherty & Associates, L.L.C.

As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Dougherty & Associates, L.L.C. provides appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's guidelines.

The Federal Reserve says appraisal reviews "ought to find out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must denote whether the appraisal or evaluation report is compatible with the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions supplement typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or higher-value dealings as a way to assist in discovering valuation complications."

In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can prepare 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 Dougherty & Associates, L.L.C., we're skilled in every form of appraisal review, review practice and the responsibilities of review appraisers.