Quality Appraisal Reviews by Appraisal Solutions, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews are obligated to "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's rules, just contact Appraisal Solutions, Inc..
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "should determine whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some banks add typical reviews with post-funding evaluations of appraisal quality for any of their high-liability or large-value contracts as a channel to aid in exposing valuation complications."
In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will 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 Appraisal Solutions, Inc., we're qualified in every form of appraisal review, review procedure and the requirements of review appraisers.
Appraisal Solutions, Inc. knows what represents a quality appraisal and what the most frequent defects are, especially in our housing market. We're also experienced enough to identify that the competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully look over appraisal reports completed by others. And those others may be reviewing our work, too!
Here at Appraisal Solutions, Inc., you can count on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Appraisal Solutions, Inc. for more information regarding our qualifications, expertise and services offered.