Expert Appraisal Reviews by Anderson Appraisal, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers completing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's rules, look no further than Anderson Appraisal, LLC.

If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today.

As stated by the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality." In addition, they "should signify whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve says that "some banks reinforce typical reviews with post-funding evaluations of appraisal quality for some of their high-risk or larger-value contracts as a method to assist in exposing valuation complications."

In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll produce 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 Anderson Appraisal, LLC, we are trained in every kind of appraisal review, review practice and the responsibilities of review appraisers.

We understand what the greatest deficiencies are, especially in our home market. We also know what amounts to a quality appraisal. The professionals at Anderson Appraisal, LLC are also experienced enough to realize that our competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to ethically evaluate appraisal reports completed by others. And those others could be studying our work, too!

For professional, unbiased, ethical appraisal review services and neutral judgments, you can rely on Anderson Appraisal, LLC. Contact us for more information about our qualifications, expertise and services offered.