Qualified Appraisal Reviews with (208) 782-0233
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews should "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 independent, efficient, professional and compliant with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact (208) 782-0233 today.
Appraisal reviews "should figure out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. Moreover, they "should demonstrate whether the appraisal or evaluation report is true to the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add periodic reviews with post-funding assessments of appraisal quality for a number of their high-risk or higher-value affairs as a control to aid in uncovering valuation complications."
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at (208) 782-0233, we're qualified in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.
(208) 782-0233 knows what represents a quality appraisal and what the most common weaknesses are, especially in our home market. We're also sufficiently skilled to identify that the competitors in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to justly valuate appraisal reports executed by others. And those others could be evaluating our work, too!
In short, when you choose (208) 782-0233, you can be sure of our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact (208) 782-0233 to learn more about our qualifications, expertise and services offered.