Appraisal Reviews with Gold King Appraisals Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Gold King Appraisals Inc. provides appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality." They "must also show whether the appraisal or evaluation report is true to the engagement letter, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add routine reviews with post-funding evaluations of appraisal quality for some of their high-liability or large-value transactions as a means to aid in exposing valuation dilemmas."

In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Gold King Appraisals Inc., we are experienced in every type of appraisal review, review procedure and the requirements of review appraisers.