Quality Appraisal Reviews by Anderson Appraisal, LLC
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers doing reviews must "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's rules, just contact Anderson Appraisal, LLC.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call Anderson Appraisal, LLC today.
As stated by the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "should announce whether the appraisal or evaluation report is true to the engagement letter, which describes the range of the appraisal assignment." The Federal Reserve also states that "some banks reinforce periodic reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or high-value transactions as a channel to aid in detecting valuation disputes."
In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Anderson Appraisal, LLC, we are skilled in every type of appraisal review, review procedure and the requirements of review appraisers.
Anderson Appraisal, LLC realizes what the most prevalent inadequacies are, particularly in our home market, as well as what makes a quality appraisal. The professionals at Anderson Appraisal, LLC are also sufficiently skilled to respect that the competitors in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to lawfully look over appraisal reports executed by others. And those others could be studying our work, too!
When you choose Anderson Appraisal, LLC, you can trust our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Anderson Appraisal, LLC for more information about our qualifications, expertise and services offered.