Hemet Appraisers Appraisal Reviews
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." At Hemet Appraisers, we provide appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact Hemet Appraisers today.
Appraisal reviews "have to find out whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "should show whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement routine reviews with post-funding assessments of appraisal quality for a few of their high-risk or greater-value transactions as a control to assist in addressing valuation problems."
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can produce 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 Hemet Appraisers, we are experienced in every type of appraisal review, review process and the requirements of review appraisers.
We understand what the most common deficiencies are, especially in our real estate market. We also understand what makes a quality appraisal. In this regard, we are skilled enough to respect that our competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Hemet Appraisers to fairly review appraisal reports completed by others. And those others might be evaluating our work, too!
At Hemet Appraisers, you can trust our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Hemet Appraisers regarding our qualifications, expertise and service offerings.