Experienced Appraisal Reviews by Columbus Appraisal Company, LLC
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers doing reviews are obligated to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's rules, look no further than Columbus Appraisal Company, LLC.
If you need a real estate appraisal review or have questions regarding an appraisal, contact Columbus Appraisal Company, LLC today.
According to the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality." They "must also show whether the appraisal or evaluation report is compatible with the engagement letter, which describes the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment regular reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or higher-value contracts as a method to help in addressing valuation dilemmas."
In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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 experienced in every kind of appraisal review, review practice and the requirements of review appraisers.
Columbus Appraisal Company, LLC understands what the most common imperfections are, especially in our real estate market, as well as what makes a quality appraisal. We're also amply experienced to identify that our competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully examine appraisal reports completed by others. And those others might be studying our work, too!
At Columbus Appraisal Company, LLC, you can trust our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Columbus Appraisal Company, LLC for more information about our qualifications, expertise and service offerings.