Appraisal Reviews with Anderson Appraisal, LLC
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Anderson Appraisal, LLC, we provide appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions regarding an appraisal, call Anderson Appraisal, LLC today.
As stated by the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality." They "should also demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks reinforce regular reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or high-value transactions as a way to aid in revealing valuation disputes."
In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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 are skilled in all forms of appraisal reviews, review processes and the obligations of review appraisers.
We realize what the most prevalent inadequacies are, particularly in our home market. We also know what makes a quality appraisal. In the same regard, we are experienced enough to distinguish that the competition in our market are capable of a fine job. 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 ethically look over appraisal reports done by others. And those others might be reviewing our work, too!
You can count on Anderson Appraisal, LLC for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Anderson Appraisal, LLC for more information regarding our qualifications, expertise and service offerings.