Appraisal Reviews by Reliant AppraisalsAccording to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations, contact Reliant Appraisals. 
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact Reliant Appraisals today. Appraisal reviews "ought to conclude whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality," according to the Federal Reserve. They "must also denote whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some banks reinforce routine reviews with post-funding assessments of appraisal quality for any of their high-liability or greater-value contracts as a way to assist in revealing valuation complications." In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can 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 Reliant Appraisals, we're experienced in every form of appraisal review, review practice and the obligations of review appraisers. We understand what the greatest inadequacies are, particularly in our real estate market. We also know what amounts to a quality appraisal. In the same regard, we're trained enough to realize that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to lawfully examine appraisal reports carried out by others. And those others may be evaluating our work, too! When you choose Reliant Appraisals, you can count on our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Reliant Appraisals to learn more about our qualifications, expertise and service offerings. |