Appraisal Reviews with Anderson Appraisal, LLC
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews ought to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules, just contact Anderson Appraisal, LLC.
If you need a real estate appraisal review or have questions regarding an appraisal, contact Anderson Appraisal, LLC today.
The Federal Reserve says appraisal reviews "ought to figure out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is accomplished ensures independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some banks add routine reviews with post-funding evaluations of appraisal quality for any of their higher-liability or larger-value contracts as a channel to aid in discovering valuation issues."
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can develop 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 are qualified in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
We're aware of what the biggest inadequacies are, particularly in our home market. We also know what constitutes a quality appraisal. In the same regard, we're amply trained to realize that the competition in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to ethically examine appraisal reports done by others. And those others could be reviewing our work, too!
In short, here at Anderson Appraisal, LLC, you can be sure of our independent judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Anderson Appraisal, LLC regarding our qualifications, expertise and services offered.