Experienced Appraisal Reviews with Columbus Appraisal Company, LLC
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers performing reviews must "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Columbus Appraisal Company, LLC, we provide appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's rules.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call us today.
Appraisal reviews "should verify whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report matches the engagement letter, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or high-value transactions as a channel to assist in detecting valuation problems."
In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will prepare 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 Columbus Appraisal Company, LLC, we're experienced in every type of appraisal review, review procedure and the responsibilities of review appraisers.
Columbus Appraisal Company, LLC is aware of what makes a quality appraisal and what the most frequent weaknesses are, especially in our real estate market. We're also amply experienced to acknowledge that the competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to justly evaluate appraisal reports carried out by others. And those others may be evaluating our work, too!
Here at Columbus Appraisal Company, LLC, you can have confidence in our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.