Appraisal Reviews with Appraisal House, Inc.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers performing reviews should "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's regulations, look no further than Appraisal House, Inc..
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Appraisal House, Inc. today.
As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is collected guarantees independence and quality." They "should also denote whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add periodic reviews with post-funding evaluations of appraisal quality for any of their higher-liability or high-value affairs as a channel to help in addressing valuation issues."
In addition to adapting 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'll 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 Appraisal House, Inc., we're skilled in every form of appraisal review, review process and the requirements of review appraisers.
We understand what constitutes a quality appraisal and what the greatest deficiencies are, specifically in our housing market. We're also skilled enough to respect that our competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Appraisal House, Inc. to objectively look over appraisal reports done by others. And those others might be studying our work, too!
In short, here at Appraisal House, Inc., you can have confidence in our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Appraisal House, Inc. for more information about our qualifications, expertise and service offerings.