Experienced Appraisal Reviews with APPRAISAL EXPERTS, LLC
As said in a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." APPRAISAL EXPERTS, LLC provides appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call APPRAISAL EXPERTS, LLC today.
As stated by the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality." They "should also demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also notes that "some financial institutions reinforce routine reviews with post-funding surveys of appraisal quality for some of their high-risk or high-value dealings as a control to aid in identifying valuation concerns."
In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At APPRAISAL EXPERTS, LLC, we're experienced in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.
APPRAISAL EXPERTS, LLC understands what makes a quality appraisal and what the most prevalent inadequacies are, specifically in our housing market. We're also adequately trained to respect that the competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust APPRAISAL EXPERTS, LLC to ethically study appraisal reports done by others. And those others might be reviewing our work, too!
For professional, fair, ethical appraisal review services and honest judgments, you can rely on APPRAISAL EXPERTS, LLC. Contact us regarding our qualifications, expertise and services offered.