Expert Appraisal Reviews with Columbus Appraisal Company, LLC
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Columbus Appraisal Company, LLC provides appraisal review services that are objective, qualified, professional and square with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Columbus Appraisal Company, LLC today.
Appraisal reviews "have to decide whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "must also signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement periodic reviews with post-funding evaluations of appraisal quality for any of their higher-risk or greater-value transactions as a means to help in detecting valuation dilemmas."
In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually 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 Columbus Appraisal Company, LLC, we are skilled in every form of appraisal review, review practice and the responsibilities of review appraisers.
Columbus Appraisal Company, LLC realizes what the most frequent inadequacies are, specifically in our home market. We also understand what makes a quality appraisal. We're also sufficiently experienced to recognize that the competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to ethically review appraisal reports completed by others. And those others may be examining our work, too!
For professional, objective, ethical appraisal review services and neutral judgments, you can rely on Columbus Appraisal Company, LLC. Contact us for more information regarding our qualifications, expertise and service offerings.