Getting a second opinion on an appraisal

A review appraisal should find out: whether the original appraisal or evaluation is well-suited for the transaction, the risk inherit in the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality. They must also indicate whether the appraisal or evaluation report is true to the letter of engagement, which describes the range of the appraisal assignment. The Federal Reserve goes on to say 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 regarding an appraisal, call ASSOCIATES APPRAISAL today.

In addition to tailoring 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'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 ASSOCIATES APPRAISAL, we're experienced in every kind of appraisal review, review practice and the requirements of review appraisers.  

We know what the most frequent report inadequacies are, especially in our real estate market, as well as what represents a quality appraisal.  In the same sense, we're professional enough to acknowledge that our competitors in our market are capable of 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 us to justly review appraisal reports carried out by others. And those others could be evaluating our work, too!  

For professional, objective, ethical appraisal review services and independent judgments, you can count on ASSOCIATES APPRAISAL. Contact ASSOCIATES APPRAISAL regarding our qualifications, expertise and service offerings.