Quality Appraisal Reviews with Appraise Colorado Inc

According to an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Appraise Colorado Inc provides appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions about an appraisal, contact us today.

Appraisal reviews "should figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a number of their higher-liability or larger-value affairs as a channel to aid in uncovering valuation issues."

In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually 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're skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.

We know what the most prevalent defects are, specifically in our real estate market, as well as what makes a quality appraisal. In the same sense, we're sufficiently experienced to distinguish that the competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Appraise Colorado Inc to fairly examine appraisal reports done by others. And those others might be reviewing our work, too!

For professional, objective, ethical appraisal review services and truthful judgments, you can count on Appraise Colorado Inc. Contact Appraise Colorado Inc for more information about our qualifications, expertise and service offerings.