Qualified Appraisal Reviews by All City Appraisal

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews must "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines, just contact All City Appraisal.

If you need a real estate appraisal review or have questions about an appraisal, call us today.

Appraisal reviews "must decide whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. In addition, they "must demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some banks supplement typical reviews with post-funding assessments of appraisal quality for a few of their high-liability or greater-value dealings as a means to help in exposing valuation disputes."

In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can develop 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 All City Appraisal, we are experienced in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.

All City Appraisal understands what the most common deficiencies are, specifically in our housing market, as well as what makes a quality appraisal. The professionals at All City Appraisal are also amply skilled to distinguish that our competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on All City Appraisal to ethically study appraisal reports performed by others. And those others may be evaluating our work, too!

In short, here at All City Appraisal, you can rely on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.

Mortgage Calculator

$
%
%
yrs
$

Today's Rates

Mtg Loan Rate APR
30-yr Fixed 4.55% 4.7%
15-yr Fixed 4.01% 4.22%
1-yr Adj 2.76% 3.42%
* national averages
There was a problem returning the RSS feed.