Appraisal Reviews with Binder and Associates (360) 573-8114
As said in a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Binder and Associates (360) 573-8114 provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is acquired ensures independence and quality." They "must also show whether the appraisal or evaluation report is even with the engagement letter, which describes the extent of the appraisal assignment." The Federal Reserve also says that "some institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a number of their high-risk or higher-value dealings as a control to assist in addressing valuation complications."
In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally 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 are qualified in all forms of appraisal reviews, review practices and the requirements of review appraisers.
We are familiar with what makes a quality appraisal and what the most frequent inadequacies are, specifically in our real estate market. Concurrently, we're adequately trained to acknowledge that our competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Binder and Associates (360) 573-8114 to lawfully review appraisal reports completed by others. And those others might be evaluating our work, too!
In short, at Binder and Associates (360) 573-8114, you can be sure of our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Binder and Associates (360) 573-8114 regarding our qualifications, expertise and services offered.