Quality Appraisal Reviews by Allatoona Appraisal
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews are obligated to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's guidelines, 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 Allatoona Appraisal today.
Appraisal reviews "ought to decide whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. They "must also show whether the appraisal or evaluation report matches the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions augment typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or high-value transactions as a means to aid in uncovering valuation problems."
In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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're trained in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.
We realize what makes a quality appraisal and what the most prevalent deficiencies are, specifically in our real estate market. Concurrently, we're sufficiently experienced to identify that our competitors in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Allatoona Appraisal to ethically study appraisal reports executed by others. And those others could be studying our work, too!
You can depend on Allatoona Appraisal for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Allatoona Appraisal for more information regarding our qualifications, expertise and services offered.