As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews should "have the proficiency and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's rules, look no further than .
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 "must conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is acquired guarantees independence and quality." Moreover, they "should denote whether the appraisal or evaluation report is consistent with the engagement letter, which describes the extent of the appraisal assignment." The Federal Reserve also states that "some financial institutions add regular reviews with post-funding surveys of appraisal quality for a number of their high-liability or large-value affairs as a means to assist in uncovering valuation issues."
In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll 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 are skilled in all types of appraisal reviews, review processes and the requirements of review appraisers.
We're aware of what amounts to a quality appraisal and what the most prevalent weaknesses are, especially in our home market. The professionals at are also adequately skilled to distinguish that the 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 count on to fairly review appraisal reports done by others. And those others might be studying our work, too!
In short, here at , you can count on our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.