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(208) 782-0233 Appraisal Reviews

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's guidelines, look no further than (208) 782-0233.

If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact (208) 782-0233 today.

According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is acquired ensures independence and quality." They "must also indicate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some institutions reinforce routine reviews with post-funding evaluations of appraisal quality for some of their high-risk or larger-value contracts as a channel to assist in detecting valuation issues."

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will 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. Here at (208) 782-0233, we are qualified in all types of appraisal reviews, review processes and the requirements of review appraisers.

(208) 782-0233 knows what the most prevalent deficiencies are, specifically in our housing market, as well as what constitutes a quality appraisal. The professionals at (208) 782-0233 are also trained enough to know that our competition in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to fairly examine appraisal reports carried out by others. And those others could be studying our work, too!

For professional, impartial, ethical appraisal review services and truthful judgments, you can depend on (208) 782-0233. Contact us to learn more about our qualifications, expertise and services offered.