Experienced Appraisal Reviews with Love Appraisals
As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews ought to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Love Appraisals, we provide appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call Love Appraisals today.
The Federal Reserve says appraisal reviews "ought to decide whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." They "should also indicate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce typical reviews with post-funding evaluations of appraisal quality for any of their high-liability or high-value affairs as a method to assist in exposing valuation issues."
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll formulate 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 Love Appraisals, we're experienced in all types of appraisal reviews, review practices and the requirements of review appraisers.
Love Appraisals is aware of what the biggest inadequacies are, particularly in our home market, as well as what represents a quality appraisal. At the same time, we're adequately skilled to admit that the competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Love Appraisals to objectively valuate appraisal reports carried out by others. And those others may be examining our work, too!
For professional, objective, ethical appraisal review services and honest judgments, you can depend on Love Appraisals. Contact Love Appraisals for more information about our qualifications, expertise and services offered.