Appraisal Reviews by Real Estate Appraisal Professionals

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation procedures," and that appraisers doing reviews have to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's rules, contact Real Estate Appraisal Professionals.

If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. They "should also signify whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment typical reviews with post-funding surveys of appraisal quality for any of their higher-liability or greater-value contracts as a method to assist in addressing valuation dilemmas."

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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. At Real Estate Appraisal Professionals, we are qualified in every kind of appraisal review, review practice and the requirements of review appraisers.

Real Estate Appraisal Professionals understands what the most frequent deficiencies are, particularly in our housing market, as well as what represents a quality appraisal. At the same time, we're skilled enough to distinguish that the competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Real Estate Appraisal Professionals to lawfully evaluate appraisal reports executed by others. And those others might be examining our work, too!

At Real Estate Appraisal Professionals, you can have confidence in our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.