Expert Appraisal Reviews by
As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At , we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions regarding an appraisal, call today.
As stated by the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality." They "should also indicate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks reinforce routine reviews with post-funding evaluations of appraisal quality for some of their higher-liability or high-value dealings as a method to aid in identifying valuation complications."
In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at , we are skilled in all forms of appraisal reviews, review processes and the requirements of review appraisers.
We are familiar with what makes a quality appraisal and what the biggest deficiencies are, particularly in our housing market. We're also adequately trained to acknowledge that the competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to objectively assess appraisal reports executed by others. And those others might be studying our work, too!
When you choose , you can be sure of our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.