Qualified Appraisal Reviews with
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews are obligated to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
The Federal Reserve says appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is attained ensures independence and quality." They "must also announce whether the appraisal or evaluation report is true to the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks reinforce periodic reviews with post-funding surveys of appraisal quality for any of their high-liability or high-value transactions as a method to help in revealing valuation concerns."
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can produce 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 form of appraisal review, review practice and the responsibilities of review appraisers.
We're aware of what represents a quality appraisal and what the most common weaknesses are, especially in our housing market. The professionals at are also adequately skilled to recognize that the 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 fairly study appraisal reports executed by others. And those others might be evaluating our work, too!
For professional, fair, ethical appraisal review services and independent judgments, you can depend on . Contact us for more information about our qualifications, expertise and service offerings.