Quality Appraisal Reviews with Anderson Appraisal, LLC
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews have to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Anderson Appraisal, LLC provides appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's rules.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call us today.
The Federal Reserve says appraisal reviews "have to conclude whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is acquired ensures independence and quality." They "must also demonstrate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement routine reviews with post-funding assessments of appraisal quality for some of their higher-risk or higher-value affairs as a channel to help in identifying valuation issues."
In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll prepare 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're trained in all types of appraisal reviews, review processes and the requirements of review appraisers.
Anderson Appraisal, LLC is aware of what the most prevalent deficiencies are, specifically in our real estate market, as well as what represents a quality appraisal. We're also trained enough to know that our competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to objectively study appraisal reports completed by others. And those others may be evaluating our work, too!
In short, here at Anderson Appraisal, LLC, you can have confidence in our independent judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.