Appraisal Reviews by Allatoona Appraisal

According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers fulfilling reviews ought to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules, just contact Allatoona Appraisal.

If you need a real estate appraisal review or have questions regarding an appraisal, call Allatoona Appraisal today.

According to the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is acquired guarantees independence and quality." They "must also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement routine reviews with post-funding assessments of appraisal quality for a few of their higher-risk or high-value affairs as a method to help in uncovering valuation dilemmas."

In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically 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. Here at Allatoona Appraisal, we are qualified in every type of appraisal review, review procedure and the responsibilities of review appraisers.

We realize what the most frequent weaknesses are, particularly in our home market. We also understand what represents a quality appraisal. We're also sufficiently experienced to identify that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Allatoona Appraisal to justly evaluate appraisal reports done by others. And those others may be evaluating our work, too!

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