Expert Appraisal Reviews with Appraisals Online, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines, look no further than Appraisals Online, Inc..
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "should figure out whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." The Federal Reserve also states that "some institutions supplement regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or large-value transactions as a control to assist in exposing valuation complications."
In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can develop 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 Appraisals Online, Inc., we are trained in every type of appraisal review, review practice and the obligations of review appraisers.
We are aware of what the biggest weaknesses are, particularly in our housing market. We also understand what represents a quality appraisal. We're also skilled enough to respect that our competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Appraisals Online, Inc. to justly assess appraisal reports executed by others. And those others could be studying our work, too!
You can trust Appraisals Online, Inc. for our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Appraisals Online, Inc. to learn more about our qualifications, expertise and services offered.