Qualified Appraisal Reviews by Appraisal Services of Brandon, Inc .
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews are obligated to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Appraisal Services of Brandon, Inc ., we provide appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.
Appraisal reviews "ought to figure out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. In addition, they "must announce whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce regular reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value dealings as a way to help in detecting valuation dilemmas."
In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will 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 Appraisal Services of Brandon, Inc ., we're trained in every form of appraisal review, review procedure and the responsibilities of review appraisers.
Appraisal Services of Brandon, Inc . understands what the most common inadequacies are, specifically in our home market, as well as what constitutes a quality appraisal. At the same time, we are adequately skilled to realize that our competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to objectively assess appraisal reports done by others. And those others might be studying our work, too!
For professional, impartial, ethical appraisal review services and neutral judgments, you can count on Appraisal Services of Brandon, Inc .. Contact us to learn more about our qualifications, expertise and services offered.