Expert Appraisal Reviews with Anderson Appraisal, LLC
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews ought to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Anderson Appraisal, LLC provides appraisal review services that are objective, qualified, professional and square with the Federal Reserve's regulations.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Anderson Appraisal, LLC today.
Appraisal reviews "ought to conclude 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 ensures independence and quality," the Federal Reserve says. Moreover, they "should indicate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment periodic reviews with post-funding surveys of appraisal quality for a number of their higher-risk or high-value transactions as a method to help in revealing valuation concerns."
In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Anderson Appraisal, LLC, we're trained in all types of appraisal reviews, review procedures and the obligations of review appraisers.
Anderson Appraisal, LLC realizes what represents a quality appraisal and what the most frequent deficiencies are, especially in our real estate market. In the same sense, we are skilled enough to admit that the competition in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Anderson Appraisal, LLC to objectively examine appraisal reports executed by others. And those others could be examining our work, too!
For professional, objective, ethical appraisal review services and neutral judgments, you can depend on Anderson Appraisal, LLC. Contact Anderson Appraisal, LLC for more information regarding our qualifications, expertise and service offerings.