Expert Appraisal Reviews by Hendley Consulting Services, LLC

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Hendley Consulting Services, LLC provides appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules.

The Federal Reserve says appraisal reviews "must decide whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is obtained guarantees independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is even with the engagement letter, which describes the range of the appraisal assignment." The Federal Reserve also states that "some banks augment routine reviews with post-funding evaluations of appraisal quality for a number of their high-liability or higher-value contracts as a means to assist in identifying valuation complications."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Hendley Consulting Services, LLC, we're skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.