Experienced Appraisal Reviews by Allatoona Appraisal
As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews should "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules, just contact Allatoona Appraisal.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "ought to figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also notes that "some institutions reinforce typical reviews with post-funding evaluations of appraisal quality for any of their higher-liability or large-value transactions as a way to help in exposing valuation disputes."
In addition to coordinating 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 can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Allatoona Appraisal, we are qualified in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.
We're aware of what the most frequent imperfections are, particularly in our housing market. We also know what makes a quality appraisal. Concurrently, we're experienced enough to know that our competition 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 us to justly study appraisal reports carried out by others. And those others may be studying our work, too!
For professional, objective, ethical appraisal review services and truthful judgments, you can rely on Allatoona Appraisal. Contact us to learn more about our qualifications, expertise and service offerings.