Experienced Appraisal Reviews by Appraise Colorado Inc
According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews ought to "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." At Appraise Colorado Inc, we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions about an appraisal, contact us today.
The Federal Reserve says appraisal reviews "have to decide whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is attained ensures independence and quality." They "must also signify whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions reinforce regular reviews with post-funding surveys of appraisal quality for a few of their high-liability or greater-value contracts as a control to aid in discovering valuation problems."
In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll 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 Appraise Colorado Inc, we're experienced in every form of appraisal review, review practice and the responsibilities of review appraisers.
We realize what the most prevalent deficiencies are, particularly in our housing market. We also understand what represents a quality appraisal. In the same sense, we are amply experienced to acknowledge that the competition in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Appraise Colorado Inc to ethically review appraisal reports completed by others. And those others might be studying our work, too!
In short, here at Appraise Colorado Inc, you can count on our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Appraise Colorado Inc to learn more about our qualifications, expertise and services offered.