Experienced Appraisal Reviews by (208) 782-0233
As said in a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers completing reviews are obligated to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At (208) 782-0233, we provide appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's regulations.
If you have questions about an appraisal, or if you're in the need of 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 relevant for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is accomplished ensures independence and quality." They "must also demonstrate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement routine reviews with post-funding assessments of appraisal quality for any of their higher-liability or larger-value contracts as a way to assist in discovering 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 can produce 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 are skilled in all forms of appraisal reviews, review procedures and the requirements of review appraisers.
We understand what the most common inadequacies are, specifically in our housing market, as well as what represents a quality appraisal. The professionals at (208) 782-0233 are also trained enough to identify that our competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to fairly look over appraisal reports carried out by others. And those others may be evaluating our work, too!
In short, here at (208) 782-0233, you can count on our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.