Experienced Appraisal Reviews with Appraisal-One
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews have to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Appraisal-One provides appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call us today.
Appraisal reviews "must figure out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. In addition, they "should signify whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the outlook of the appraisal assignment." The Federal Reserve also notes that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for any of their high-risk or greater-value contracts as a means to assist in addressing valuation problems."
In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can 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. Here at Appraisal-One, we are experienced in every kind of appraisal review, review practice and the responsibilities of review appraisers.
Appraisal-One understands what the most common imperfections are, particularly in our housing market, as well as what makes a quality appraisal. At the same time, we're proficient enough to acknowledge that our competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to objectively look over appraisal reports performed by others. And those others may be studying our work, too!
In short, at Appraisal-One, you can trust our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Appraisal-One regarding our qualifications, expertise and service offerings.