Qualified Appraisal Reviews with The Appraisal Firm

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." At The Appraisal Firm, we provide appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's regulations.

If you have questions about an appraisal, or if you need a real estate appraisal review, contact The Appraisal Firm today.

The Federal Reserve says appraisal reviews "ought to determine whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality." In addition, they "must show whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some banks add regular reviews with post-funding surveys of appraisal quality for a few of their high-risk or high-value transactions as a method to help in discovering valuation issues."

In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At The Appraisal Firm, we are skilled in every kind of appraisal review, review process and the requirements of review appraisers.

We are familiar with what makes a quality appraisal and what the most prevalent defects are, particularly in our home market. The professionals at The Appraisal Firm are also amply skilled to acknowledge that the competitors in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on The Appraisal Firm to lawfully valuate appraisal reports done by others. And those others could be examining our work, too!

Here at The Appraisal Firm, you can trust our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact The Appraisal Firm for more information about our qualifications, expertise and services offered.