Qualified Appraisal Reviews with Appraisal Services of Brandon, Inc .
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers completing reviews must "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Appraisal Services of Brandon, Inc . provides appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's rules.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call Appraisal Services of Brandon, Inc . today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. They "must also denote whether the appraisal or evaluation report matches the letter of engagement, which sets forth the capacity of the appraisal assignment." The Federal Reserve also notes that "some institutions supplement typical reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or larger-value affairs as a control to aid in detecting valuation concerns."
In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will prepare 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 Appraisal Services of Brandon, Inc ., we are qualified in all kinds of appraisal reviews, review practices and the requirements of review appraisers.
We are aware of what the greatest weaknesses are, especially in our real estate market, as well as what makes a quality appraisal. In the same sense, we're proficient enough to distinguish that the competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to lawfully evaluate appraisal reports done by others. And those others could be examining our work, too!
Here at Appraisal Services of Brandon, Inc ., you can count on our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.