Experienced Appraisal Reviews by Absolute Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's regulations, contact Absolute Appraisal Services, LLC.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "must determine whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. In addition, they "must demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add regular reviews with post-funding assessments of appraisal quality for any of their high-liability or high-value contracts as a method to aid in exposing valuation issues."
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Absolute Appraisal Services, LLC, we're trained in all forms of appraisal reviews, review procedures and the obligations of review appraisers.
Absolute Appraisal Services, LLC knows what the most common imperfections are, specifically in our real estate market. We also understand what represents a quality appraisal. We're also skilled enough to distinguish that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically evaluate appraisal reports carried out by others. And those others may be examining our work, too!
You can trust Absolute Appraisal Services, LLC for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Absolute Appraisal Services, LLC to learn more about our qualifications, expertise and service offerings.