Quality Appraisal Reviews with Sleadd Appraisals 502.291.5588As said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers engaged in reviews should "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Sleadd Appraisals 502.291.5588 provides appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's rules.
A review appraisal should ascertain: whether the original appraisal or evaluation is appropriate for the transaction, the risk inherit in the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality. Moreover, they should denote whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the outlook of the appraisal assignment. Lastly, the Federal Reserve also says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will produce 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 Sleadd Appraisals 502.291.5588, we're skilled in all types of appraisal reviews, review processes and the requirements of review appraisers.
We know what the most likely report deficiencies are, specifically in our real estate market, as well as what makes a quality appraisal. Concurrently, we're proficient enough to respect that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to objectively study appraisal reports performed by others. And those others could be studying our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can depend on Sleadd Appraisals 502.291.5588. Contact Sleadd Appraisals 502.291.5588 regarding our qualifications, expertise and service offerings.