Appraisal Reviews with Appraisal Services of Brandon, Inc .
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews must "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Appraisal Services of Brandon, Inc ., we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also notes that "some banks reinforce routine reviews with post-funding evaluations of appraisal quality for any of their higher-liability or large-value affairs as a means to aid in identifying valuation problems."
In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally 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. At Appraisal Services of Brandon, Inc ., we're trained in all forms of appraisal reviews, review processes and the requirements of review appraisers.
We realize what the most prevalent inadequacies are, particularly in our home market, as well as what amounts to a quality appraisal. In the same regard, the professionals at Appraisal Services of Brandon, Inc . are amply experienced to distinguish that the competition in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Appraisal Services of Brandon, Inc . to justly examine appraisal reports performed by others. And those others could be evaluating our work, too!
You can rely on Appraisal Services of Brandon, Inc . for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.