Qualified Appraisal Reviews with Netterville Appraisal Service
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's guidelines, contact Netterville Appraisal Service.
If you need a real estate appraisal review or have questions regarding an appraisal, call Netterville Appraisal Service today.
As stated by the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality." Moreover, they "should denote whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the outlook of the appraisal assignment." The Federal Reserve also states that "some financial institutions add regular reviews with post-funding evaluations of appraisal quality for a few of their high-risk or higher-value contracts as a method to assist in uncovering valuation complications."
In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can develop 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 Netterville Appraisal Service, we are skilled in every kind of appraisal review, review practice and the obligations of review appraisers.
Netterville Appraisal Service realizes what the biggest imperfections are, particularly in our home market. We also know what represents a quality appraisal. The professionals at Netterville Appraisal Service are also amply experienced to distinguish that the competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically review appraisal reports performed by others. And those others might be reviewing our work, too!
Here at Netterville Appraisal Service, you can rely on our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.