Appraisal ReviewsAs said in a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews are obligated to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Amarillo Appraisal, we provide appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's rules. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today. As stated by the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality." Moreover, they "should demonstrate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also notes that "some banks supplement typical reviews with post-funding assessments of appraisal quality for any of their high-risk or higher-value dealings as a way to assist in uncovering valuation concerns." In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Amarillo Appraisal, we're experienced in all types of appraisal reviews, review processes and the responsibilities of review appraisers. Amarillo Appraisal is aware of what the most common deficiencies are, particularly in our housing market, as well as what makes a quality appraisal. We're also experienced enough to distinguish that the competitors in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Amarillo Appraisal to justly assess appraisal reports done by others. And those others might be evaluating our work, too! When you choose Amarillo Appraisal, you can trust our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Amarillo Appraisal for more information about our qualifications, expertise and service offerings. |