Experienced Appraisal Reviews with Tight & Right Real Estate ValuationAs stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Tight & Right Real Estate Valuation provides appraisal review services that are independent, expert, professional and in line 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 us today. As stated by the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must show whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment routine reviews with post-funding surveys of appraisal quality for any of their higher-liability or high-value dealings as a way to assist in addressing valuation complications." 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 will produce an appraisal review on any one 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 trained in every form of appraisal review, review process and the obligations of review appraisers. Tight & Right Real Estate Valuation realizes what amounts to a quality appraisal and what the biggest weaknesses are, specifically in our home market. In the same sense, we're professional enough to acknowledge that the competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Tight & Right Real Estate Valuation to objectively assess appraisal reports carried out by others. And those others may be studying our work, too! For professional, objective, ethical appraisal review services and truthful 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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