Quality Appraisal Reviews by Allatoona Appraisal

According to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews should "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Allatoona Appraisal provides appraisal review services that are independent, expert, professional and compliant 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, call us today.

Appraisal reviews "must decide whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "should also signify whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions augment typical reviews with post-funding surveys of appraisal quality for a few of their high-risk or greater-value transactions as a means to aid in revealing valuation disputes."

In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will prepare 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 Allatoona Appraisal, we're trained in every form of appraisal review, review process and the responsibilities of review appraisers.

We know what the most prevalent weaknesses are, especially in our housing market, as well as what amounts to a quality appraisal. Concurrently, we are proficient enough to distinguish that the competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Allatoona Appraisal to objectively assess appraisal reports executed by others. And those others might be studying our work, too!

You can count on Allatoona Appraisal for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.