Experienced Appraisal Reviews by Binder and Associates (360) 573-8114
According to a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers performing reviews are obligated to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's guidelines, contact Binder and Associates (360) 573-8114.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call Binder and Associates (360) 573-8114 today.
Appraisal reviews "have to determine whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. They "must also indicate whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the scope of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment periodic reviews with post-funding surveys of appraisal quality for a few of their higher-liability or larger-value dealings as a channel to aid in uncovering valuation problems."
In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll develop an appraisal review on any 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're skilled in every kind of appraisal review, review process and the requirements of review appraisers.
We realize what the biggest deficiencies are, specifically in our home market. We also understand what amounts to a quality appraisal. In the same sense, we're adequately skilled to know that our competitors in our market are qualified to do good work. 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 fairly examine appraisal reports carried out by others. And those others may be reviewing our work, too!
For professional, objective, ethical appraisal review services and neutral judgments, you can rely on Binder and Associates (360) 573-8114. Contact Binder and Associates (360) 573-8114 for more information about our qualifications, expertise and service offerings.