Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers doing reviews are obligated to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Accurate Value Real Estate Appraisals provides appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's regulations. 
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today. According to the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also states that "some banks reinforce routine reviews with post-funding assessments of appraisal quality for a number of their high-liability or higher-value dealings as a means to assist in uncovering valuation problems." In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will produce 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 Accurate Value Real Estate Appraisals, we're experienced in all types of appraisal reviews, review procedures and the obligations of review appraisers. We realize what the greatest inadequacies are, especially in our real estate market. We also understand what amounts to a quality appraisal. Concurrently, we're adequately trained to acknowledge that our competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Accurate Value Real Estate Appraisals to fairly study appraisal reports executed by others. And those others might be studying our work, too! For professional, fair, ethical appraisal review services and independent judgments, you can depend on Accurate Value Real Estate Appraisals. Contact us for more information about our qualifications, expertise and service offerings. |