Quality Appraisal Reviews with Allatoona Appraisal

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's guidelines, contact Allatoona Appraisal.

If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.

As stated by the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is collected guarantees independence and quality." They "must also signify whether the appraisal or evaluation report is true to the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions supplement regular reviews with post-funding assessments of appraisal quality for some of their higher-risk or high-value transactions as a way to help in detecting valuation disputes."

In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll prepare 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 types of appraisal reviews, review procedures and the requirements of review appraisers.

Allatoona Appraisal realizes what the most common weaknesses are, especially in our real estate market. We also understand what makes a quality appraisal. Concurrently, we are professional enough to realize that the competitors in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to lawfully review appraisal reports carried out by others. And those others could be examining our work, too!

For professional, unbiased, ethical appraisal review services and independent judgments, you can count on Allatoona Appraisal. Contact us for more information regarding our qualifications, expertise and service offerings.