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Appraisal Reviews with US Real Estate Valuation SolutionsAs stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers producing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." US Real Estate Valuation Solutions provides appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's rules.The purpose of appraisal reviews are to detect: whether the original appraisal or evaluation is relevant for the transaction, the risk inherit in the transaction, and whether the methods by which the property valuation is accomplished ensures independence and quality. Moreover, they should signify whether the appraisal or evaluation report is true to the letter of engagement, which describes the scope of the appraisal assignment. The Fed goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At US Real Estate Valuation Solutions, we are qualified in every form of appraisal review, review process and the requirements of review appraisers.
Here at US Real Estate Valuation Solutions, you can have confidence in our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact US Real Estate Valuation Solutions for more information about our qualifications, expertise and services offered. |
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We are aware of what the most common report imperfections are, particularly in our real estate market, as well as what amounts to a quality appraisal.
We're also amply trained to admit that the competitors in our market are skillful in doing a great job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust US Real Estate Valuation Solutions to justly examine appraisal reports performed by others. And those others might be reviewing our work, too!