Qualified Appraisal Reviews by
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's guidelines, look no further than .
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call us today.
The Federal Reserve says appraisal reviews "must verify whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality." In addition, they "should indicate whether the appraisal or evaluation report is even with the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment typical reviews with post-funding surveys of appraisal quality for a few of their high-liability or higher-value affairs as a channel to aid in identifying valuation complications."
In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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're experienced in every kind of appraisal review, review procedure and the obligations of review appraisers.
understands what the most prevalent deficiencies are, specifically in our real estate market. We also know what represents a quality appraisal. In the same sense, we are experienced enough to identify that our competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on to lawfully look over appraisal reports completed by others. And those others might be examining our work, too!
In short, when you choose , you can rely on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact for more information about our qualifications, expertise and services offered.