Appraisal Services of Brandon, Inc . Appraisal Reviews
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews must "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Appraisal Services of Brandon, Inc . provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact Appraisal Services of Brandon, Inc . today.
The Federal Reserve says appraisal reviews "have to figure out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is attained ensures independence and quality." They "should also announce whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for some of their high-risk or greater-value dealings as a control to help in exposing valuation dilemmas."
In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Appraisal Services of Brandon, Inc ., we are trained in all types of appraisal reviews, review practices and the responsibilities of review appraisers.
Appraisal Services of Brandon, Inc . understands what the biggest defects are, particularly in our housing market, as well as what makes a quality appraisal. In this regard, we are adequately trained to realize that the competition 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 count on Appraisal Services of Brandon, Inc . to ethically look over appraisal reports completed by others. And those others may be studying our work, too!
You can rely on Appraisal Services of Brandon, Inc . for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.