Expert Appraisal Reviews by Realty Valuators, Inc.
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers doing reviews should "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's guidelines, contact Realty Valuators, Inc..
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "have to verify whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also notes that "some banks augment periodic reviews with post-funding surveys of appraisal quality for a number of their high-liability or high-value affairs as a method to aid in detecting valuation concerns."
In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Realty Valuators, Inc., we are qualified in all types of appraisal reviews, review practices and the obligations of review appraisers.
We know what the most prevalent inadequacies are, specifically in our housing market. We also know what makes a quality appraisal. The professionals at Realty Valuators, Inc. are also sufficiently skilled to realize that our competitors in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Realty Valuators, Inc. to lawfully evaluate appraisal reports carried out by others. And those others could be evaluating our work, too!
You can trust Realty Valuators, Inc. for our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Realty Valuators, Inc. to learn more about our qualifications, expertise and service offerings.