Qualified Appraisal Reviews by Appraise Colorado Inc
According to an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews should "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's guidelines, look no further than Appraise Colorado Inc.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "must figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. In addition, they "must signify whether the appraisal or evaluation report is true to the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment typical reviews with post-funding surveys of appraisal quality for a number of their high-risk or high-value affairs as a means to aid in revealing valuation concerns."
In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will formulate 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 skilled in every form of appraisal review, review practice and the requirements of review appraisers.
Appraise Colorado Inc realizes what the greatest defects are, especially in our housing market. We also understand what amounts to a quality appraisal. In the same regard, we're amply skilled to admit that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to fairly evaluate appraisal reports completed by others. And those others could be evaluating our work, too!
When you choose Appraise Colorado Inc, you can be sure of our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.