Qualified Appraisal Reviews by Integrity Appraisals, LLC
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Integrity Appraisals, LLC provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today.
The Federal Reserve says appraisal reviews "should figure out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality." Moreover, they "must indicate whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding evaluations of appraisal quality for some of their higher-liability or greater-value transactions as a channel to aid in uncovering valuation disputes."
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Integrity Appraisals, LLC, we are trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers.
We're aware of what the most frequent inadequacies are, specifically in our real estate market, as well as what constitutes a quality appraisal. The professionals at Integrity Appraisals, LLC are also trained enough to acknowledge that our competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Integrity Appraisals, LLC to lawfully examine appraisal reports done by others. And those others may be studying our work, too!
You can count on Integrity Appraisals, LLC for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Integrity Appraisals, LLC to learn more about our qualifications, expertise and service offerings.