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Appraisal Reviews with A.T. Home AppraisalsAs stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers undertaking reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At A.T. Home Appraisals, we provide appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines.A review appraisal has to ascertain: whether the original appraisal or evaluation is relevant for the transaction, the risk inherit in the transaction, and whether the processes by which the property valuation is attained guarantees independence and quality. Moreover, they should indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the capacity of the appraisal assignment. Lastly, the Federal Reserve notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can 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 A.T. Home Appraisals, we are skilled in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.
For professional, impartial, ethical appraisal review services and independent judgments, you can rely on A.T. Home Appraisals. Contact A.T. Home Appraisals to learn more about our qualifications, expertise and service offerings. |
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We're aware of what the most frequent report inadequacies are, particularly in our home market, as well as what represents a quality appraisal.
Concurrently, we are amply trained to recognize that the competitors in our market are skillful in doing quality work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically assess appraisal reports performed by others. And those others might be examining our work, too!