Appraisal Reviews

According to a statement by the Federal Reserve, "financial institutions are required to 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." Here at Accurate Value Real Estate Appraisals, we provide appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's rules.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Accurate Value Real Estate Appraisals today.

Appraisal reviews "should conclude whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce periodic reviews with post-funding surveys of appraisal quality for some of their high-liability or high-value dealings as a control to help in uncovering valuation concerns."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will 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 Accurate Value Real Estate Appraisals, we're trained in every type of appraisal review, review practice and the responsibilities of review appraisers.

We realize what the greatest deficiencies are, especially in our housing market. We also know what constitutes a quality appraisal. Concurrently, we're adequately skilled to acknowledge that our competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Accurate Value Real Estate Appraisals to lawfully look over appraisal reports completed by others. And those others could be reviewing our work, too!

In short, when you choose Accurate Value Real Estate Appraisals, you can have confidence in our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Accurate Value Real Estate Appraisals for more information about our qualifications, expertise and services offered.