Expert Appraisal Reviews with All City AppraisalAccording to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews should "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." All City Appraisal provides appraisal review services that are unbiased, efficient, 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 regarding an appraisal, call us today. According to the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality." They "must also indicate whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some banks augment periodic reviews with post-funding assessments of appraisal quality for any of their high-risk or greater-value contracts as a way to assist in identifying valuation disputes." In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can 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. At All City Appraisal, we are trained in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers. We're aware of what constitutes a quality appraisal and what the most frequent deficiencies are, particularly in our real estate market. The professionals at All City Appraisal are also trained enough to admit that the competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically review appraisal reports done by others. And those others could be reviewing our work, too! In short, here at All City Appraisal, you can have confidence in our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact All City Appraisal for more information regarding our qualifications, expertise and services offered. |