Appraisal Comp Valuations, LLC Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, expert, professional and in line with the Federal Reserve's guidelines, just contact Appraisal Comp Valuations, LLC.
If you need a real estate appraisal review or have questions regarding an appraisal, call us today.
According to the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is acquired guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is true to the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or higher-value contracts as a way to aid in exposing valuation concerns."
In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can formulate 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 Comp Valuations, LLC, we're skilled in every kind of appraisal review, review process and the requirements of review appraisers.
We realize what makes a quality appraisal and what the biggest defects are, especially in our housing market. We're also experienced enough to recognize that the competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Appraisal Comp Valuations, LLC to justly evaluate appraisal reports carried out by others. And those others could be reviewing our work, too!
In short, when you choose Appraisal Comp Valuations, LLC, you can have confidence in our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.