Qualified Appraisal Reviews with Elite Appraisal ServicesAs stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation plans," and that appraisers fulfilling reviews should "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations, just contact Elite Appraisal Services. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Elite Appraisal Services today. Appraisal reviews "must decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. Moreover, they "should demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for some of their higher-liability or higher-value transactions as a means to assist in addressing valuation dilemmas." In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can 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. At Elite Appraisal Services, we're experienced in all types of appraisal reviews, review procedures and the requirements of review appraisers. We understand what the most common inadequacies are, particularly in our housing market, as well as what makes a quality appraisal. Concurrently, we are skilled enough to identify that the competition in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly study appraisal reports performed by others. And those others might be examining our work, too! In short, here at Elite Appraisal Services, you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings. |