Appraisal Reviews with Appraisal Associates & ConsultantsAccording to a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's regulations, contact Appraisal Associates & Consultants. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact us today. Appraisal reviews "ought to find out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "must also show whether the appraisal or evaluation report matches the letter of engagement, which sets forth the extent of the appraisal assignment." The Federal Reserve also states that "some banks add periodic reviews with post-funding assessments of appraisal quality for some of their high-risk or higher-value contracts as a control to help in addressing valuation complications." In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will 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 Appraisal Associates & Consultants, we are qualified in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers. We understand what the most frequent inadequacies are, particularly in our housing market, as well as what constitutes a quality appraisal. In the same sense, we are proficient enough to recognize that our competition in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Appraisal Associates & Consultants to objectively evaluate appraisal reports completed by others. And those others could be evaluating our work, too! In short, when you choose Appraisal Associates & Consultants, you can count on our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings. |