Qualified Appraisal Reviews by Tucker Appraisal Services, LLC

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At Tucker Appraisal Services, LLC, we provide appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's rules.

According to the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality." They "should also announce whether the appraisal or evaluation report is even with the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions augment regular reviews with post-funding surveys of appraisal quality for a number of their high-risk or greater-value affairs as a channel to assist in uncovering valuation concerns."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can 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. Here at Tucker Appraisal Services, LLC, we're trained in all forms of appraisal reviews, review processes and the obligations of review appraisers.