Appraisal Reviews with Appraisal Services of Brandon, Inc .
As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers performing reviews ought to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Appraisal Services of Brandon, Inc ., we provide appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact Appraisal Services of Brandon, Inc . today.
The Federal Reserve says appraisal reviews "have to figure out whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is obtained ensures independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add routine reviews with post-funding surveys of appraisal quality for some of their higher-liability or higher-value transactions as a means to help in identifying valuation complications."
In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will prepare an appraisal review on any 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 every kind of appraisal review, review practice and the obligations of review appraisers.
Appraisal Services of Brandon, Inc . realizes what the most frequent defects are, specifically in our home market. We also understand what constitutes a quality appraisal. In the same sense, we are skilled enough to know that the competitors in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Appraisal Services of Brandon, Inc . to fairly look over appraisal reports completed by others. And those others could be studying our work, too!
At Appraisal Services of Brandon, Inc ., you can rely on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Appraisal Services of Brandon, Inc . to learn more about our qualifications, expertise and services offered.