Appraisal Reviews by Campbell Appraised, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers performing reviews should "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Campbell Appraised, LLC provides appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's regulations.

As stated by the Federal Reserve, appraisal reviews "should conclude 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 accomplished guarantees independence and quality." They "should also indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment regular reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value affairs as a method to assist in addressing valuation issues."

In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Campbell Appraised, LLC, we are trained in every form of appraisal review, review process and the requirements of review appraisers.