Qualified Appraisal Reviews with Anderson Appraisal, LLC
According to a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation plans," and that appraisers fulfilling reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Anderson Appraisal, LLC provides appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact Anderson Appraisal, LLC today.
According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is collected ensures independence and quality." Moreover, they "must show whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the extent of the appraisal assignment." The Federal Reserve also says that "some institutions augment regular reviews with post-funding evaluations of appraisal quality for any of their high-liability or high-value contracts as a way to help in revealing valuation concerns."
In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll develop 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 are experienced in all forms of appraisal reviews, review processes and the requirements of review appraisers.
We understand what makes a quality appraisal and what the greatest deficiencies are, specifically in our home market. In the same regard, we're amply experienced to recognize that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to fairly review appraisal reports performed by others. And those others may be examining our work, too!
In short, at Anderson Appraisal, LLC, you can be sure of our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.