Anderson Appraisal, LLC Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's regulations, just contact Anderson Appraisal, LLC.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Anderson Appraisal, LLC today.
As stated by the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "must announce whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some banks add regular reviews with post-funding surveys of appraisal quality for some of their high-risk or large-value transactions as a control to help in revealing valuation concerns."
In addition to adjusting 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 can 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 type of appraisal review, review process and the obligations of review appraisers.
Anderson Appraisal, LLC knows what the most frequent imperfections are, particularly in our home market, as well as what makes a quality appraisal. In the same sense, the professionals at Anderson Appraisal, LLC are sufficiently trained to identify that the competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Anderson Appraisal, LLC to ethically review appraisal reports executed by others. And those others may be reviewing our work, too!
You can count on Anderson Appraisal, LLC for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Anderson Appraisal, LLC regarding our qualifications, expertise and services offered.