Experienced Appraisal Reviews with Anderson Appraisal, LLC
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's rules, contact Anderson Appraisal, LLC.
If you need a real estate appraisal review or have questions about an appraisal, contact us today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must demonstrate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions reinforce routine reviews with post-funding surveys of appraisal quality for any of their higher-liability or high-value contracts as a control to help in revealing valuation issues."
In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are generally 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 experienced in every form of appraisal review, review process and the requirements of review appraisers.
Anderson Appraisal, LLC understands what the most common deficiencies are, especially in our home market, as well as what constitutes a quality appraisal. At the same time, we're amply experienced to distinguish that our competition in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to justly examine appraisal reports completed by others. And those others could be evaluating our work, too!
You can trust Anderson Appraisal, LLC for our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Anderson Appraisal, LLC for more information regarding our qualifications, expertise and service offerings.