Quality Appraisal Reviews by Columbus Appraisal Company, LLC
According to an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's regulations, contact Columbus Appraisal Company, LLC.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Columbus Appraisal Company, LLC today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions supplement regular reviews with post-funding evaluations of appraisal quality for a number of their high-liability or high-value dealings as a method to aid in identifying valuation disputes."
In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will formulate 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 are trained in every type of appraisal review, review process and the obligations of review appraisers.
We're aware of what the greatest imperfections are, especially in our home market. We also understand what constitutes a quality appraisal. The professionals at Columbus Appraisal Company, LLC are also trained enough to distinguish that the competitors in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Columbus Appraisal Company, LLC to justly examine appraisal reports carried out by others. And those others may be reviewing our work, too!
You can count on Columbus Appraisal Company, LLC for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Columbus Appraisal Company, LLC for more information regarding our qualifications, expertise and service offerings.