Quality Appraisal Reviews with Brandon Stelling
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers performing reviews are obligated to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's rules, look no further than Brandon Stelling.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Brandon Stelling today.
According to the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is acquired guarantees independence and quality." Moreover, they "should indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the outlook of the appraisal assignment." The Federal Reserve also says that "some banks supplement regular reviews with post-funding evaluations of appraisal quality for any of their higher-liability or large-value contracts as a way to help in identifying valuation problems."
In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will develop 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 Brandon Stelling, we are skilled in every form of appraisal review, review procedure and the responsibilities of review appraisers.
We are familiar with what constitutes a quality appraisal and what the most frequent inadequacies are, specifically in our real estate market. The professionals at Brandon Stelling are also adequately trained to distinguish that the competition in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically evaluate appraisal reports executed by others. And those others could be examining our work, too!
In short, at Brandon Stelling, you can trust our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.