Quality Appraisal Reviews with Allatoona Appraisal

As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews should "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules, just contact Allatoona Appraisal.

If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call Allatoona Appraisal today.

The Federal Reserve says appraisal reviews "have to decide whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality." In addition, they "should demonstrate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment regular reviews with post-funding assessments of appraisal quality for a few of their higher-risk or larger-value dealings as a means to aid in revealing valuation concerns."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we will 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. At Allatoona Appraisal, we are experienced in every kind of appraisal review, review procedure and the responsibilities of review appraisers.

We are familiar with what makes a quality appraisal and what the most frequent imperfections are, specifically in our housing market. We're also trained enough to respect that our competition in our market are qualified 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 trust us to lawfully review appraisal reports carried out by others. And those others could be studying our work, too!

In short, when you choose Allatoona Appraisal, you can rely on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.