Appraisal Reviews by Tight & Right Real Estate ValuationAccording to a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Tight & Right Real Estate Valuation provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations. 
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today. Appraisal reviews "must decide whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "must also announce whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve states that "some institutions augment regular reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value contracts as a method to aid in detecting valuation complications." In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Tight & Right Real Estate Valuation, we're experienced in every form of appraisal review, review process and the responsibilities of review appraisers. We understand what the most common weaknesses are, specifically in our housing market, as well as what constitutes a quality appraisal. The professionals at Tight & Right Real Estate Valuation are also experienced enough to identify that our competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to objectively evaluate appraisal reports done by others. And those others might be studying our work, too! For professional, impartial, ethical appraisal review services and independent judgments, you can depend on Tight & Right Real Estate Valuation. Contact us for more information about our qualifications, expertise and service offerings. |
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