Appraisal ReviewsAs said in a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews ought to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at ShoreAppraisal, we provide appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's regulations. 
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact ShoreAppraisal today. The Federal Reserve says appraisal reviews "must find out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is acquired guarantees independence and quality." They "should also show whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some banks reinforce regular reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value affairs as a channel to help in detecting valuation disputes." In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will 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 ShoreAppraisal, we're skilled in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers. We're aware of what the most prevalent defects are, especially in our real estate market, as well as what makes a quality appraisal. The professionals at ShoreAppraisal are also trained enough to realize that our competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on ShoreAppraisal to ethically valuate appraisal reports performed by others. And those others might be reviewing our work, too! When you choose ShoreAppraisal, you can be sure of our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact ShoreAppraisal to learn more about our qualifications, expertise and services offered. |