Quality Appraisal Reviews by ASSOCIATES APPRAISAL
According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's regulations, just contact ASSOCIATES APPRAISAL.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact ASSOCIATES APPRAISAL today.
The Federal Reserve says appraisal reviews "have to decide whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "should denote whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve states that "some banks reinforce periodic reviews with post-funding assessments of appraisal quality for a few of their higher-liability or greater-value dealings as a means to help in exposing valuation disputes."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at ASSOCIATES APPRAISAL, we are experienced in every kind of appraisal review, review procedure and the obligations of review appraisers.
We're aware of what constitutes a quality appraisal and what the greatest deficiencies are, especially in our real estate market. We're also trained enough to realize that our competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on ASSOCIATES APPRAISAL to justly study appraisal reports executed by others. And those others might be reviewing our work, too!
For professional, objective, ethical appraisal review services and independent judgments, you can depend on ASSOCIATES APPRAISAL. Contact ASSOCIATES APPRAISAL to learn more about our qualifications, expertise and services offered.
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