Quality Appraisal Reviews by
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation procedures," and that appraisers performing reviews should "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations, contact .
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call today.
According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is obtained guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is even with the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or large-value affairs as a control to assist in exposing valuation problems."
In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can 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. Here at , we are skilled in every form of appraisal review, review practice and the requirements of review appraisers.
We realize what the biggest defects are, specifically in our real estate market, as well as what represents a quality appraisal. In this regard, we are skilled enough to distinguish that the competition in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to fairly review appraisal reports carried out by others. And those others may be evaluating our work, too!
In short, here at , you can be sure of our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.