Experienced Appraisal Reviews by Anderson Appraisal, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers doing reviews must "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Anderson Appraisal, LLC provides appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call us today.
Appraisal reviews "have to find out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "should also indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve says that "some institutions augment typical reviews with post-funding surveys of appraisal quality for any of their higher-risk or larger-value contracts as a means to assist in addressing valuation concerns."
In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll 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. At Anderson Appraisal, LLC, we are skilled in every kind of appraisal review, review process and the obligations of review appraisers.
Anderson Appraisal, LLC understands what the most frequent weaknesses are, especially in our housing market, as well as what constitutes a quality appraisal. The professionals at Anderson Appraisal, LLC are also adequately experienced to distinguish that the competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically study appraisal reports completed by others. And those others may be evaluating our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can count on Anderson Appraisal, LLC. Contact us for more information regarding our qualifications, expertise and services offered.