Qualified Appraisal Reviews by Greenville Appraisal Services
As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews must "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Greenville Appraisal Services provides appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Greenville Appraisal Services today.
According to the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality." In addition, they "should signify 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 institutions augment routine reviews with post-funding surveys of appraisal quality for a few of their high-risk or larger-value transactions as a means to help in revealing valuation dilemmas."
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Greenville Appraisal Services, we are trained in every kind of appraisal review, review procedure and the requirements of review appraisers.
We understand what the biggest inadequacies are, particularly in our home market. We also know what amounts to a quality appraisal. We're also trained enough to admit that our 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 trust Greenville Appraisal Services to fairly examine appraisal reports executed by others. And those others might be reviewing our work, too!
In short, at Greenville Appraisal Services, you can rely on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Greenville Appraisal Services for more information regarding our qualifications, expertise and service offerings.