Appraisal Reviews with (208) 782-0233
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the ability and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules, look no further than (208) 782-0233.
If you need a real estate appraisal review or have questions about an appraisal, call us today.
Appraisal reviews "should find out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also says that "some institutions augment regular reviews with post-funding surveys of appraisal quality for any of their higher-risk or larger-value transactions as a means to assist in identifying valuation complications."
In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll develop an appraisal review on any one 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 all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.
(208) 782-0233 knows what makes a quality appraisal and what the most frequent deficiencies are, particularly in our real estate market. The professionals at (208) 782-0233 are also experienced enough to admit that the competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to lawfully evaluate appraisal reports carried out by others. And those others may be evaluating our work, too!
When you choose (208) 782-0233, you can rely on 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.