Quality Appraisal Reviews with Amerappraise Real Estate Appraisers
According to an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Amerappraise Real Estate Appraisers provides appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions in reference to an appraisal, call Amerappraise Real Estate Appraisers today.
The Federal Reserve says appraisal reviews "ought to conclude whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is attained ensures independence and quality." They "must also indicate whether the appraisal or evaluation report is compatible with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some banks reinforce routine reviews with post-funding evaluations of appraisal quality for a few of their high-liability or higher-value transactions as a channel to assist in addressing valuation issues."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Amerappraise Real Estate Appraisers, we are trained in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.
We understand what the most frequent defects are, particularly in our home market, as well as what amounts to a quality appraisal. The professionals at Amerappraise Real Estate Appraisers are also trained enough to identify that our competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Amerappraise Real Estate Appraisers to justly examine appraisal reports executed by others. And those others might be reviewing our work, too!
You can rely on Amerappraise Real Estate Appraisers for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Amerappraise Real Estate Appraisers for more information about our qualifications, expertise and service offerings.