Appraisal Reviews by Valiant Appraisal Services
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers completing reviews are obligated to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules, look no further than Valiant Appraisal Services.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today.
Appraisal reviews "ought to decide whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also says that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for a few of their higher-risk or larger-value contracts as a way to help in uncovering valuation issues."
In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely 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 Valiant Appraisal Services, we're skilled in every form of appraisal review, review procedure and the obligations of review appraisers.
We know what the most prevalent deficiencies are, specifically in our home market, as well as what constitutes a quality appraisal. At the same time, we are adequately skilled to realize that the competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to lawfully valuate appraisal reports carried out by others. And those others might be studying our work, too!
In short, when you choose Valiant Appraisal Services, you can be sure of our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.