Experienced Appraisal Reviews with Amerappraise Real Estate Appraisers
According to an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, expert, professional and square with the Federal Reserve's guidelines, contact Amerappraise Real Estate Appraisers.
If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.
The Federal Reserve says appraisal reviews "have to find out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must show whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also says that "some banks add typical reviews with post-funding surveys of appraisal quality for any of their high-liability or large-value affairs as a means to help in uncovering valuation issues."
In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Amerappraise Real Estate Appraisers, we are qualified in every type of appraisal review, review procedure and the obligations of review appraisers.
We know what constitutes a quality appraisal and what the most common defects are, specifically in our home market. The professionals at Amerappraise Real Estate Appraisers are also experienced enough to admit that the competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to objectively valuate appraisal reports performed by others. And those others could be studying our work, too!
For professional, fair, ethical appraisal review services and neutral judgments, you can depend on Amerappraise Real Estate Appraisers. Contact us to learn more about our qualifications, expertise and services offered.