Appraisal Review & Consultation services are tailored to the culture, processes, and resources of each financial institution. There is no one-size-fits-all. Because each bank is different from its competitors, the appraisal review and consulting solutions provided by Appraisal Review & Consultation vary for each bank client.
Appraisal Review Services: |
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- Contract reviews of commercial appraisal reports for set review fees (rather than hourly rates)
- Examination of a financial institution's approved appraiser list for stratification and work sample vetting
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- AMC audit services, per the mandate of the IAG
- In-house appraisal solution audit services, either on-going or prior to bank examination
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Consulting Services: |
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- Interagency Appraisal Guidelines (IAG) audit, examining a financial institution's appraisal policy, appraisal-related procedures, process implementation, and in-house or out-source viability
- Assistance in vetting AMCs for financial institutions choosing to outsource the appraisal function
- Detailed examination of existing appraisal-related procedures (informal and written) and recommendations to codify and enhance procedures to better facilitate production and meet IAG expectations
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- Examination of appraisal process, including forms used in that process, and recommendations for enhancement and better IAG compliance
- Training of in-house personnel engaged in appraisal ordering, reviewing, evaluations, and validations
- Detailed examination of existing appraisal policy and recommendations to modify the policy to better meet IAG expectations
- Knowledgeable assistance for day-to-day appraisal or regulatory questions, either on a per-hour or retainer basis
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