Qualified Appraisal Reviews by All City AppraisalAs said in a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation procedures," and that appraisers completing reviews should "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's regulations, just contact All City Appraisal. 
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call All City Appraisal today. According to the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is acquired ensures independence and quality." Moreover, they "should show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve says that "some institutions augment periodic reviews with post-funding assessments of appraisal quality for some of their high-liability or larger-value affairs as a control to help in revealing valuation disputes." In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll formulate 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're experienced in all forms of appraisal reviews, review processes and the requirements of review appraisers. We are familiar with what the biggest imperfections are, particularly in our housing market, as well as what constitutes a quality appraisal. The professionals at All City Appraisal are also experienced enough to identify that our competitors in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to justly study appraisal reports carried out by others. And those others might be studying our work, too! In short, here at All City Appraisal, you can be sure of our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact All City Appraisal for more information regarding our qualifications, expertise and service offerings. |