Quality Appraisal Reviews by Silverpilen Corp.

As said in a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Silverpilen Corp. provides appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's guidelines.

The Federal Reserve says appraisal reviews "must find out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must demonstrate whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some institutions add periodic reviews with post-funding evaluations of appraisal quality for any of their higher-liability or greater-value contracts as a control to assist in detecting valuation complications."

In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can formulate 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 Silverpilen Corp., we're experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.