Quality Appraisal Reviews by Anderson Appraisal, LLC

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews should "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Anderson Appraisal, LLC provides appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's rules.

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

Appraisal reviews "ought to find out whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions supplement typical reviews with post-funding evaluations of appraisal quality for some of their high-risk or larger-value contracts as a channel to help in discovering valuation dilemmas."

In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will 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. At Anderson Appraisal, LLC, we are experienced in every kind of appraisal review, review procedure and the obligations of review appraisers.

Anderson Appraisal, LLC understands what constitutes a quality appraisal and what the greatest weaknesses are, particularly in our housing market. The professionals at Anderson Appraisal, LLC are also skilled enough to recognize that our competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Anderson Appraisal, LLC to fairly study appraisal reports performed by others. And those others might be evaluating our work, too!

Here at Anderson Appraisal, LLC, you can count on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.