Appraisal Reviews by Silverpilen Corp.

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Silverpilen Corp., we provide appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's rules.

According to the Federal Reserve, appraisal reviews "ought to figure out 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 "must also denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions add periodic reviews with post-funding evaluations of appraisal quality for a few of their high-risk or higher-value dealings as a way to assist in discovering valuation dilemmas."

In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Silverpilen Corp., we are trained in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.