Expert Appraisal Reviews with Binder and Associates (360) 573-8114
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews must "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's rules, contact Binder and Associates (360) 573-8114.
If you need a real estate appraisal review or have questions about an appraisal, call Binder and Associates (360) 573-8114 today.
The Federal Reserve says appraisal reviews "have to conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality." In addition, they "must show whether the appraisal or evaluation report is true to the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement typical reviews with post-funding evaluations of appraisal quality for any of their higher-liability or higher-value contracts as a way to aid in identifying valuation issues."
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Binder and Associates (360) 573-8114, we are experienced in all kinds of appraisal reviews, review processes and the obligations of review appraisers.
We know what the greatest weaknesses are, specifically in our real estate market, as well as what makes a quality appraisal. We're also trained enough to admit that our competitors in our market are able 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 rely on Binder and Associates (360) 573-8114 to lawfully examine appraisal reports carried out by others. And those others could be reviewing our work, too!
In short, at Binder and Associates (360) 573-8114, you can rely on our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Binder and Associates (360) 573-8114 for more information about our qualifications, expertise and service offerings.