Expert Appraisal Reviews by Sun State Appraisal Services, LLC

As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews are obligated to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." At Sun State Appraisal Services, LLC, we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is collected ensures independence and quality." They "must also denote whether the appraisal or evaluation report matches the engagement letter, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve says that "some banks augment routine reviews with post-funding evaluations of appraisal quality for any of their higher-risk or larger-value affairs as a control to help in revealing valuation issues."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely 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 Sun State Appraisal Services, LLC, we are qualified in every kind of appraisal review, review practice and the responsibilities of review appraisers.