Qualified Appraisal Reviews by Appraisal Services of Brandon, Inc .
According to a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews should "have the ability 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, qualified, professional and compliant with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Appraisal Services of Brandon, Inc . today.
Appraisal reviews "ought to determine whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. In addition, they "should indicate whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add typical reviews with post-funding evaluations of appraisal quality for some of their higher-liability or higher-value dealings as a way to help in addressing valuation dilemmas."
In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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 experienced in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
We understand what the biggest inadequacies are, especially in our home market, as well as what amounts to a quality appraisal. We're also experienced enough to know that the competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Appraisal Services of Brandon, Inc . to lawfully assess appraisal reports completed by others. And those others may be evaluating our work, too!
You can rely on Appraisal Services of Brandon, Inc . for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Appraisal Services of Brandon, Inc . to learn more about our qualifications, expertise and service offerings.