Expert Appraisal Reviews by 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 programs," and that appraisers fulfilling reviews must "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's regulations, contact Anderson Appraisal, LLC.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today.
As stated by the Federal Reserve, appraisal reviews "ought to verify whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality." In addition, they "must signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions supplement periodic reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or higher-value contracts as a channel to assist in addressing valuation problems."
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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 experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.
Anderson Appraisal, LLC knows what the most frequent weaknesses are, particularly in our home market, as well as what represents a quality appraisal. Concurrently, we are adequately trained to distinguish that our competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to lawfully assess appraisal reports performed by others. And those others may be evaluating our work, too!
In short, when you choose Anderson Appraisal, LLC, you can count on our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Anderson Appraisal, LLC regarding our qualifications, expertise and services offered.