Appraisal Reviews by Columbus Appraisal Company, LLC
As said in a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Columbus Appraisal Company, LLC provides appraisal review services that are independent, expert, professional and in line with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact Columbus Appraisal Company, LLC today.
Appraisal reviews "should figure out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "must also announce whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add routine reviews with post-funding surveys of appraisal quality for a number of their higher-risk or higher-value contracts as a means to aid in exposing valuation complications."
In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll develop 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 qualified in every type of appraisal review, review process and the obligations of review appraisers.
We understand what the biggest imperfections are, particularly in our real estate market, as well as what makes a quality appraisal. We're also amply experienced to distinguish that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to objectively look over appraisal reports performed by others. And those others may be studying our work, too!
Here at Columbus Appraisal Company, LLC, you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.