Experienced Appraisal Reviews with (208) 782-0233
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, expert, professional and square with the Federal Reserve's rules, just contact (208) 782-0233.
If you need a real estate appraisal review or have questions about an appraisal, contact (208) 782-0233 today.
The Federal Reserve says appraisal reviews "ought to determine whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add periodic reviews with post-funding evaluations of appraisal quality for any of their higher-risk or higher-value transactions as a means to aid in identifying valuation issues."
In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will prepare 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 (208) 782-0233, we're skilled in every kind of appraisal review, review practice and the responsibilities of review appraisers.
(208) 782-0233 is aware of what the most prevalent inadequacies are, specifically in our home market. We also know what constitutes a quality appraisal. In the same regard, we're sufficiently experienced to identify that the competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust (208) 782-0233 to ethically assess appraisal reports carried out by others. And those others might be evaluating our work, too!
In short, at (208) 782-0233, you can have confidence in our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact (208) 782-0233 regarding our qualifications, expertise and services offered.