Qualified Appraisal Reviews with (208) 782-0233
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers performing reviews must "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." (208) 782-0233 provides appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's rules.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call (208) 782-0233 today.
Appraisal reviews "should find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some banks augment periodic reviews with post-funding surveys of appraisal quality for any of their high-liability or higher-value contracts as a channel to assist in uncovering valuation problems."
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At (208) 782-0233, we're skilled in all types of appraisal reviews, review practices and the obligations of review appraisers.
(208) 782-0233 realizes what represents a quality appraisal and what the biggest deficiencies are, specifically in our housing market. Concurrently, we're adequately experienced to respect that our competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on (208) 782-0233 to lawfully look over appraisal reports performed by others. And those others could be reviewing our work, too!
Here at (208) 782-0233, you can have confidence in our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.