Vincent Melone Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews are obligated to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's guidelines, look no further than Vincent Melone.

As stated by the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is collected ensures independence and quality." In addition, they "must announce whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions reinforce routine reviews with post-funding surveys of appraisal quality for a number of their high-liability or greater-value dealings as a way to assist in identifying valuation concerns."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can 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 Vincent Melone, we are trained in all forms of appraisal reviews, review procedures and the requirements of review appraisers.