Allatoona Appraisal Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers doing reviews are obligated to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Allatoona Appraisal provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is accomplished guarantees independence and quality." They "must also signify whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for a number of their higher-risk or high-value contracts as a means to help in identifying valuation issues."
In addition to adjusting 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'll produce 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 Allatoona Appraisal, we're trained in every kind of appraisal review, review procedure and the responsibilities of review appraisers.
We know what the biggest defects are, particularly in our home market, as well as what makes a quality appraisal. We're also trained enough to realize that our competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Allatoona Appraisal to fairly examine appraisal reports completed by others. And those others may be reviewing our work, too!
Here at Allatoona Appraisal, you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and services offered.