Experienced Appraisal Reviews with (208) 782-0233
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers doing reviews are obligated to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." (208) 782-0233 provides appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.
Appraisal reviews "must verify whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. Moreover, they "should signify whether the appraisal or evaluation report is true to the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions supplement regular reviews with post-funding evaluations of appraisal quality for a few of their high-risk or greater-value contracts as a way to help in addressing valuation disputes."
In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can 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 are trained in every kind of appraisal review, review practice and the responsibilities of review appraisers.
(208) 782-0233 understands what the most frequent defects are, specifically in our real estate market. We also understand what represents a quality appraisal. The professionals at (208) 782-0233 are also adequately trained to distinguish that our competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust (208) 782-0233 to lawfully valuate appraisal reports completed by others. And those others may be examining our work, too!
You can depend on (208) 782-0233 for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact (208) 782-0233 to learn more about our qualifications, expertise and service offerings.