Appraisal Reviews by Angelo Appraisal Service, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews are obligated to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's rules, contact Angelo Appraisal Service, Inc..
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "must conclude whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "should indicate whether the appraisal or evaluation report is true to the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also notes that "some institutions add typical reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value affairs as a way to assist in revealing valuation disputes."
In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can 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 Angelo Appraisal Service, Inc., we are qualified in all kinds of appraisal reviews, review practices and the obligations of review appraisers.
Angelo Appraisal Service, Inc. understands what makes a quality appraisal and what the most prevalent defects are, specifically in our home market. The professionals at Angelo Appraisal Service, Inc. are also sufficiently skilled to respect that the competitors in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to justly evaluate appraisal reports executed by others. And those others may be reviewing our work, too!
When you choose Angelo Appraisal Service, Inc., you can trust our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Angelo Appraisal Service, Inc. regarding our qualifications, expertise and services offered.