Quality Appraisal Reviews with Columbus Appraisal Company, LLC
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, expert, professional and square with the Federal Reserve's rules, just contact Columbus Appraisal Company, LLC.
If you need a real estate appraisal review or have questions regarding an appraisal, contact Columbus Appraisal Company, LLC today.
As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also notes that "some institutions augment typical reviews with post-funding assessments of appraisal quality for any of their high-liability or higher-value affairs as a way to help in detecting valuation concerns."
In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Columbus Appraisal Company, LLC, we're trained in every form of appraisal review, review process and the obligations of review appraisers.
We are aware of what the most common inadequacies are, particularly in our home market, as well as what makes a quality appraisal. At the same time, we are skilled enough to recognize that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to lawfully examine appraisal reports executed by others. And those others may be examining our work, too!
You can count on Columbus Appraisal Company, LLC for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Columbus Appraisal Company, LLC regarding our qualifications, expertise and services offered.