Qualified Appraisal Reviews with Binder and Associates (360) 573-8114
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At Binder and Associates (360) 573-8114, we provide appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.
Appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. In addition, they "must signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions augment routine reviews with post-funding evaluations of appraisal quality for some of their higher-liability or high-value dealings as a means to assist in detecting valuation issues."
In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally 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 Binder and Associates (360) 573-8114, we are qualified in all types of appraisal reviews, review processes and the obligations of review appraisers.
We know what the biggest deficiencies are, especially in our real estate market, as well as what constitutes a quality appraisal. The professionals at Binder and Associates (360) 573-8114 are also experienced enough to acknowledge that our competition in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Binder and Associates (360) 573-8114 to objectively valuate appraisal reports executed by others. And those others might be examining our work, too!
In short, when you choose Binder and Associates (360) 573-8114, you can have confidence in our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Binder and Associates (360) 573-8114 to learn more about our qualifications, expertise and services offered.