Quality Appraisal Reviews with Appraisal House, Inc.As said in a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation plans," and that appraisers doing reviews must "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Appraisal House, Inc., we provide appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's regulations. ![]() If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact us today. According to the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality." They "should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which describes the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions add regular reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or larger-value contracts as a way to help in exposing valuation concerns." In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can 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 Appraisal House, Inc., we're experienced in all forms of appraisal reviews, review practices and the obligations of review appraisers. Appraisal House, Inc. knows what the most common defects are, specifically in our home market. We also know what represents a quality appraisal. In this regard, we're proficient enough to identify that the competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to objectively look over appraisal reports performed by others. And those others may be reviewing our work, too! You can trust Appraisal House, Inc. for our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Appraisal House, Inc. for more information about our qualifications, expertise and services offered. |