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Appraisal Reviews with A-AppraisalsAccording to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers engaged in reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at A-Appraisals, we provide appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's regulations.A review appraisal should determine: whether the original appraisal or evaluation is suitable for the transaction, the liability inherit in the transaction, and whether the methods by which the property valuation is rendered guarantees independence and quality. In addition, they should announce whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment. Lastly, the Federal Reserve goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are largely 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. Here at A-Appraisals, we are experienced in all types of appraisal reviews, review processes and the responsibilities of review appraisers.
Here at A-Appraisals, you can rely on our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings. |
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A-Appraisals understands what amounts to a quality appraisal and what the most frequent defects are, particularly for reports in our local housing market.
We're also adequately trained to acknowledge that the competitors in our market are qualified to do a good job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to objectively look over appraisal reports done by others. And those others might be evaluating our work, too!