|
Skilled Appraisal Reviews with Regional Appraisal, LLC.According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers completing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Regional Appraisal, LLC., we provide appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's regulations.A review appraisal has to pursue: whether the original appraisal or evaluation is well-suited for the transaction, the risk inherit in the transaction, and whether the means by which the collateral valuation is rendered ensures independence and quality. They should also signify whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the extent of the appraisal assignment. Lastly, the Federal Reserve goes on to say 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 tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll 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. Here at Regional Appraisal, LLC., we are qualified in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.
Here at Regional Appraisal, LLC., you can rely on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Regional Appraisal, LLC. for more information regarding our qualifications, expertise and service offerings. |
|||||||||
We're aware of what the most prevalent reporting inadequacies are, particularly in our home market. We also understand what represents a quality appraisal.
The professionals at Regional Appraisal, LLC. are also amply skilled to respect that the competition in our market are capable of doing good work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to justly review appraisal reports executed by others. And those others may be examining our work, too!