Appraisal Reviews with Accurate Value Real Estate Appraisals

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews must "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Accurate Value Real Estate Appraisals, we provide appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's rules.

If you need a real estate appraisal review or have questions in reference to an appraisal, contact Accurate Value Real Estate Appraisals today.

According to the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality." Moreover, they "must signify whether the appraisal or evaluation report matches the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions add routine reviews with post-funding assessments of appraisal quality for a few of their high-liability or larger-value transactions as a channel to help in discovering valuation dilemmas."

In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll prepare 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 form of appraisal review, review practice and the requirements of review appraisers.

We're aware of what the greatest weaknesses are, specifically in our real estate market, as well as what amounts to a quality appraisal. The professionals at Accurate Value Real Estate Appraisals are also amply trained to know that our competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Accurate Value Real Estate Appraisals to lawfully review appraisal reports executed by others. And those others could be examining our work, too!

For professional, fair, ethical appraisal review services and honest judgments, you can depend on Accurate Value Real Estate Appraisals. Contact us to learn more about our qualifications, expertise and services offered.