Savvy Appraisal Reviews with ASSOCIATES APPRAISAL

The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is fitting for the transaction, the liability inherit in the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality. They should also signify whether the appraisal or evaluation report is compatible with the engagement letter, which describes the extent of the appraisal assignment. The Fed also says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".

If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact ASSOCIATES APPRAISAL today.

In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form.  At ASSOCIATES APPRAISAL, we're trained in every type of appraisal review, review procedure and the obligations of review appraisers.  

ASSOCIATES APPRAISAL understands what the typical report weaknesses are, particularly in our home market, as well as what makes a quality appraisal.  We're also amply experienced to respect that our competitors in our market are able to do a good job.  The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to objectively review appraisal reports performed by others. And those others might be evaluating our work, too!  

In short, here at ASSOCIATES APPRAISAL, you can count on our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact ASSOCIATES APPRAISAL for more information about our qualifications, expertise and service offerings.