Anderson Appraisal, LLC Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews should "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Anderson Appraisal, LLC provides appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Anderson Appraisal, LLC today.
According to the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality." In addition, they "must signify whether the appraisal or evaluation report matches the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions reinforce routine reviews with post-funding evaluations of appraisal quality for any of their higher-liability or higher-value affairs as a way to assist in discovering valuation disputes."
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can prepare 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 skilled in all forms of appraisal reviews, review procedures and the requirements of review appraisers.
We're aware of what the most common deficiencies are, especially in our home market. We also understand what constitutes a quality appraisal. In this regard, the professionals at Anderson Appraisal, LLC are sufficiently experienced to realize that our competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Anderson Appraisal, LLC to ethically examine appraisal reports executed by others. And those others may be examining our work, too!
For professional, objective, ethical appraisal review services and honest judgments, you can rely on Anderson Appraisal, LLC. Contact Anderson Appraisal, LLC for more information regarding our qualifications, expertise and services offered.