SafeValues Inc. Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation plans," and that appraisers performing reviews ought to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's regulations, contact SafeValues Inc..
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is collected ensures independence and quality." They "must also announce whether the appraisal or evaluation report is true to the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also states that "some institutions supplement periodic reviews with post-funding assessments of appraisal quality for a few of their higher-liability or higher-value transactions as a means to help in revealing valuation complications."
In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can formulate 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 SafeValues Inc., we're qualified in all types of appraisal reviews, review procedures and the requirements of review appraisers.
We realize what the most common inadequacies are, especially in our real estate market, as well as what amounts to a quality appraisal. We're also skilled enough to identify that our competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to lawfully examine appraisal reports performed by others. And those others may be evaluating our work, too!
You can trust SafeValues Inc. for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact SafeValues Inc. for more information regarding our qualifications, expertise and services offered.