Expert Appraisal Reviews by Advanced Appraisal Services, LLC
According to an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's rules, just contact Advanced Appraisal Services, LLC.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call Advanced Appraisal Services, LLC today.
The Federal Reserve says appraisal reviews "have to decide whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality." In addition, they "must announce whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment regular reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or higher-value affairs as a way to aid in uncovering valuation dilemmas."
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll develop 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 Advanced Appraisal Services, LLC, we are qualified in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.
Advanced Appraisal Services, LLC is aware of what the most prevalent defects are, especially in our housing market, as well as what makes a quality appraisal. The professionals at Advanced Appraisal Services, LLC are also skilled enough to recognize that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Advanced Appraisal Services, LLC to justly look over appraisal reports done by others. And those others may be studying our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can rely on Advanced Appraisal Services, LLC. Contact us for more information regarding our qualifications, expertise and service offerings.