Expert Appraisal Reviews by Trident Appraisal Services, LLC

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers doing reviews are obligated to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Trident Appraisal Services, LLC, we provide appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's guidelines.

The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality." In addition, they "should show whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for any of their higher-risk or high-value affairs as a means to assist in revealing valuation complications."

In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll 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. At Trident Appraisal Services, LLC, we are trained in every form of appraisal review, review process and the responsibilities of review appraisers.