Qualified Appraisal Reviews by Amerappraise Real Estate Appraisers
According to a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews have to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Amerappraise Real Estate Appraisers provides appraisal review services that are objective, expert, professional and square with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Amerappraise Real Estate Appraisers today.
The Federal Reserve says appraisal reviews "should determine whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "should denote whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions reinforce regular 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 uncovering valuation issues."
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly 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 Amerappraise Real Estate Appraisers, we are experienced in all types of appraisal reviews, review processes and the requirements of review appraisers.
Amerappraise Real Estate Appraisers realizes what constitutes a quality appraisal and what the most prevalent weaknesses are, especially in our real estate market. In this regard, we're sufficiently experienced to respect that our competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Amerappraise Real Estate Appraisers to lawfully study appraisal reports performed by others. And those others could be evaluating our work, too!
At Amerappraise Real Estate Appraisers, you can rely on our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Amerappraise Real Estate Appraisers regarding our qualifications, expertise and service offerings.