Elite Appraisal Services Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Elite Appraisal Services provides appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Elite Appraisal Services today. The Federal Reserve says appraisal reviews "ought to find out whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "should show whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions supplement periodic reviews with post-funding assessments of appraisal quality for some of their higher-risk or large-value dealings as a channel to aid in addressing valuation complications." In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will 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 Elite Appraisal Services, we are experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers. We understand what makes a quality appraisal and what the most frequent deficiencies are, especially in our real estate market. The professionals at Elite Appraisal Services are also skilled enough to realize that the competition in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully review appraisal reports performed by others. And those others may be evaluating our work, too! For professional, impartial, ethical appraisal review services and neutral judgments, you can count on Elite Appraisal Services. Contact Elite Appraisal Services for more information regarding our qualifications, expertise and service offerings. |