Qualified Appraisal Reviews by Wulf Appraisal

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers completing reviews are obligated to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Wulf Appraisal, we provide appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's regulations.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a number of their higher-liability or larger-value dealings as a way to help in addressing valuation problems."

In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can produce an appraisal review on three of them. They include an appraisal "desk" review, a "field" review, and "short" form. Here at Wulf Appraisal Corp., we're skilled in every form of appraisal review, review process and the responsibilities of review appraisers.