Quality Appraisal Reviews by Appraise Colorado Inc
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers fulfilling reviews should "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's guidelines, just contact Appraise Colorado Inc.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Appraise Colorado Inc today.
Appraisal reviews "ought to decide whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or greater-value contracts as a channel to aid in identifying valuation issues."
In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can prepare 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 are trained in all types of appraisal reviews, review processes and the obligations of review appraisers.
We are aware of what the most prevalent inadequacies are, especially in our home market. We also understand what constitutes a quality appraisal. We're also sufficiently trained to know that our competition in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Appraise Colorado Inc to ethically examine appraisal reports executed by others. And those others might be studying our work, too!
For professional, unbiased, ethical appraisal review services and neutral judgments, you can count on Appraise Colorado Inc. Contact us for more information about our qualifications, expertise and service offerings.