Appraisal Reviews by Iykon Appraisers LLC

According to a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers completing reviews have to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's guidelines, just contact Iykon Appraisers LLC.

Appraisal reviews "must conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is obtained ensures independence and quality," according to the Federal Reserve. Moreover, they "should demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some banks add routine reviews with post-funding assessments of appraisal quality for a few of their higher-liability or greater-value dealings as a means to assist in revealing valuation issues."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we will 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 Iykon Appraisers LLC, we are qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers.