Experienced Appraisal Reviews with Silverpilen Corp.

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the proficiency and skills to assess 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 rules.

Appraisal reviews "have to find out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. They "should also show whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the extent of the appraisal assignment." The Federal Reserve also notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for a number of their high-liability or high-value dealings as a means to assist in discovering valuation concerns."

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Silverpilen Corp., we are qualified in every kind of appraisal review, review procedure and the requirements of review appraisers.