Appraisal Reviews with Tight & Right Real Estate ValuationAs stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's rules, just contact Tight & Right Real Estate Valuation. 
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact us today. Appraisal reviews "ought to find out whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "must also show whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also states that "some institutions augment regular reviews with post-funding surveys of appraisal quality for a few of their higher-risk or larger-value dealings as a channel to help in detecting valuation issues." In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will prepare 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 Tight & Right Real Estate Valuation, we're qualified in all types of appraisal reviews, review practices and the obligations of review appraisers. We know what the most prevalent deficiencies are, particularly in our home market, as well as what represents a quality appraisal. In the same regard, we are amply experienced to realize that our competition in our market are capable of doing a fine 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 fairly study appraisal reports completed by others. And those others could be evaluating our work, too! You can count on Tight & Right Real Estate Valuation for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Tight & Right Real Estate Valuation for more information about our qualifications, expertise and services offered. |
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