Quality Appraisal Reviews with Anderson Appraisal, LLC
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers doing reviews are obligated to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Anderson Appraisal, LLC provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions regarding an appraisal, contact Anderson Appraisal, LLC today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for a number of their high-liability or larger-value affairs as a channel to aid in revealing valuation complications."
In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Anderson Appraisal, LLC, we are skilled in every type of appraisal review, review practice and the obligations of review appraisers.
We're aware of what the most common weaknesses are, especially in our real estate market, as well as what makes a quality appraisal. The professionals at Anderson Appraisal, LLC are also experienced enough to realize that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to ethically valuate appraisal reports performed by others. And those others could be evaluating our work, too!
You can trust Anderson Appraisal, LLC for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Anderson Appraisal, LLC for more information about our qualifications, expertise and service offerings.