Qualified Appraisal Reviews with Appraise Colorado Inc

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Appraise Colorado Inc, we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's rules.

If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call Appraise Colorado Inc today.

Appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment periodic reviews with post-funding assessments of appraisal quality for a number of their higher-liability or larger-value affairs as a means to assist in discovering valuation dilemmas."

In addition to adapting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can produce 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 Appraise Colorado Inc, we're experienced in every form of appraisal review, review practice and the requirements of review appraisers.

We understand what makes a quality appraisal and what the most prevalent weaknesses are, specifically in our housing market. In the same regard, we are adequately skilled to acknowledge that our competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to lawfully examine appraisal reports executed by others. And those others might be examining our work, too!

You can rely on Appraise Colorado Inc for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.