Expert Appraisal Reviews by Felicia Sauder & Associates, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Felicia Sauder & Associates, Inc. provides appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's guidelines.

As stated by the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is collected ensures independence and quality." They "must also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for some of their higher-liability or higher-value transactions as a channel to assist in identifying valuation dilemmas."

In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can produce 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 Felicia Sauder & Associates, Inc., we are qualified in every form of appraisal review, review practice and the obligations of review appraisers.