Appraisal Reviews with Silverpilen Corp.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews must "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Silverpilen Corp., we provide appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "ought to determine whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality." In addition, they "should show whether the appraisal or evaluation report is consistent with the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks add routine reviews with post-funding assessments of appraisal quality for a few of their higher-liability or greater-value affairs as a control to aid in discovering valuation issues."

In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Silverpilen Corp., we're experienced in every kind of appraisal review, review practice and the responsibilities of review appraisers.