Appraisal Reviews with Appraise Colorado Inc
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews must "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At Appraise Colorado Inc, we provide appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions in reference to an appraisal, call Appraise Colorado Inc today.
Appraisal reviews "must find out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. They "must also show whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve notes that "some institutions reinforce periodic reviews with post-funding assessments of appraisal quality for some of their high-liability or high-value transactions as a means to aid in exposing valuation dilemmas."
In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Appraise Colorado Inc, we are qualified in all forms of appraisal reviews, review processes and the obligations of review appraisers.
We know what constitutes a quality appraisal and what the greatest inadequacies are, specifically in our real estate market. We're also adequately trained to know that our competition in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to lawfully review appraisal reports performed by others. And those others could be reviewing our work, too!
You can depend on Appraise Colorado Inc for our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.