Expert Appraisal Reviews by Anderson Appraisal, LLC
According to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the ability and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's guidelines, contact Anderson Appraisal, LLC.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.
As stated by the Federal Reserve, appraisal reviews "should find out whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment regular reviews with post-funding assessments of appraisal quality for a number of their higher-risk or higher-value dealings as a control to assist in exposing valuation problems."
In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Anderson Appraisal, LLC, we're experienced in all forms of appraisal reviews, review processes and the obligations of review appraisers.
Anderson Appraisal, LLC understands what the greatest weaknesses are, specifically in our home market, as well as what makes a quality appraisal. We're also sufficiently experienced to distinguish that the competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Anderson Appraisal, LLC to lawfully look over appraisal reports done by others. And those others may be evaluating our work, too!
You can trust Anderson Appraisal, LLC for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.