Expert Appraisal Reviews by (208) 782-0233
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews should "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." (208) 782-0233 provides appraisal review services that are objective, qualified, professional and square with the Federal Reserve's regulations.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact (208) 782-0233 today.
As stated by the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is acquired ensures independence and quality." They "should also announce whether the appraisal or evaluation report is even with the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement periodic reviews with post-funding evaluations of appraisal quality for a few of their high-risk or higher-value transactions as a control to assist in revealing valuation complications."
In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll develop 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 qualified in every form of appraisal review, review process and the obligations of review appraisers.
We realize what the biggest imperfections are, especially in our home market. We also understand what represents a quality appraisal. In the same sense, we're proficient enough to admit that our competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to lawfully review appraisal reports executed by others. And those others may be studying our work, too!
At (208) 782-0233, you can rely on our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact (208) 782-0233 for more information about our qualifications, expertise and service offerings.