ASSOCIATES APPRAISAL Appraisal Reviews
As said in 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 must "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules, contact ASSOCIATES APPRAISAL.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call ASSOCIATES APPRAISAL today.
As stated by the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality." In addition, they "should signify whether the appraisal or evaluation report is even with the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement routine reviews with post-funding surveys of appraisal quality for any of their higher-liability or higher-value transactions as a means to assist in uncovering valuation issues."
In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At ASSOCIATES APPRAISAL, we're qualified in every type of appraisal review, review practice and the obligations of review appraisers.
ASSOCIATES APPRAISAL is aware of what the most prevalent inadequacies are, specifically in our housing market, as well as what makes a quality appraisal. We're also experienced enough to identify that our competition in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on ASSOCIATES APPRAISAL to lawfully valuate appraisal reports performed by others. And those others may be evaluating our work, too!
In short, at ASSOCIATES APPRAISAL, you can trust our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact ASSOCIATES APPRAISAL regarding our qualifications, expertise and services offered.
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