Expert Appraisal Reviews with Realty Valuators, Inc
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Realty Valuators, Inc provides appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions about an appraisal, call Realty Valuators, Inc today.
Appraisal reviews "must verify whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. In addition, they "should announce whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions add periodic reviews with post-funding assessments of appraisal quality for any of their higher-liability or greater-value affairs as a channel to assist in addressing valuation disputes."
In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will prepare 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 Realty Valuators, Inc, we are qualified in all forms of appraisal reviews, review procedures and the requirements of review appraisers.
We are aware of what the most frequent deficiencies are, especially in our real estate market. We also know what makes a quality appraisal. At the same time, we are amply skilled to recognize that our competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Realty Valuators, Inc to ethically study appraisal reports executed by others. And those others could be examining our work, too!
At Realty Valuators, Inc, you can have confidence in our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.