Expert Appraisal Reviews by Real Property Appraisal LLC
According to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews must "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's guidelines, just contact Real Property Appraisal LLC.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call Real Property Appraisal LLC today.
According to the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "should indicate whether the appraisal or evaluation report is even with the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks reinforce periodic reviews with post-funding surveys of appraisal quality for a number of their higher-liability or greater-value transactions as a means to assist in identifying valuation disputes."
In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Real Property Appraisal LLC, we are skilled in all types of appraisal reviews, review procedures and the requirements of review appraisers.
We're aware of what makes a quality appraisal and what the most frequent inadequacies are, especially in our real estate market. We're also amply experienced to respect that the competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to justly valuate appraisal reports done by others. And those others could be examining our work, too!
In short, here at Real Property Appraisal LLC, you can trust our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Real Property Appraisal LLC for more information about our qualifications, expertise and service offerings.