Anderson Appraisal, LLC Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews should "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Anderson Appraisal, LLC, we provide appraisal review services that are independent, efficient, professional and square 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.
According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality." In addition, they "must show whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions supplement regular reviews with post-funding surveys of appraisal quality for some of their higher-liability or larger-value affairs as a control to help in identifying valuation problems."
In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll develop 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're qualified in every kind of appraisal review, review procedure and the obligations of review appraisers.
We are familiar with what the biggest weaknesses are, particularly in our housing market, as well as what makes a quality appraisal. We're also skilled enough to respect that the competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to ethically study appraisal reports done by others. And those others may be evaluating our work, too!
In short, when you choose Anderson Appraisal, LLC, you can count on our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Anderson Appraisal, LLC for more information regarding our qualifications, expertise and service offerings.