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Quality Appraisal Reviews with Appraisal Solutions Group, LLC.As said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the expectation of appraisers preparing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Appraisal Solutions Group, LLC., we provide appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's regulations.A review appraisal should detect: whether the original appraisal or evaluation is well-suited for the transaction, the exposure inherit in the transaction, and whether the procedure by which the property valuation is obtained ensures independence and quality. In addition, they should signify whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the capacity of the appraisal assignment. Lastly, the Federal Reserve also notes 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 tailoring our work to the procedures 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 Solutions Group, LLC., we're experienced in all kinds of appraisal reviews, review practices and the obligations of review appraisers.
You can depend on Appraisal Solutions Group, LLC. for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings. |
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We understand what the most likely report defects are, specifically in our real estate market, as well as what constitutes a quality appraisal.
We're also trained enough to realize that the competitors in our market are skillful in doing quality work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Appraisal Solutions Group, LLC. to fairly evaluate appraisal reports performed by others. And those others may be evaluating our work, too!