Experienced Appraisal Reviews by APPRAISAL EXPERTS, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." APPRAISAL EXPERTS, LLC provides appraisal review services that are independent, expert, professional and in line with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions regarding an appraisal, call us today.
According to the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality." They "must also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment." The Federal Reserve also notes that "some financial institutions add routine reviews with post-funding evaluations of appraisal quality for a few of their high-risk or larger-value dealings as a control to help in detecting valuation concerns."
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll formulate 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 APPRAISAL EXPERTS, LLC, we are experienced in every kind of appraisal review, review process and the responsibilities of review appraisers.
We are familiar with what the biggest deficiencies are, specifically in our housing market. We also understand what amounts to a quality appraisal. The professionals at APPRAISAL EXPERTS, LLC are also amply skilled to respect that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to lawfully examine appraisal reports completed by others. And those others may be studying our work, too!
You can trust APPRAISAL EXPERTS, LLC for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.