Experienced Appraisal Reviews by Deborah M Hall
According to a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews have to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations, look no further than Deborah M Hall .
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Deborah M Hall today.
Appraisal reviews "should determine whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. Moreover, they "must announce whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also notes that "some financial institutions augment routine reviews with post-funding evaluations of appraisal quality for some of their high-liability or larger-value affairs as a method to assist in revealing valuation issues."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll produce 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 Deborah M Hall , we're skilled in every form of appraisal review, review process and the responsibilities of review appraisers.
We realize what the greatest deficiencies are, specifically in our real estate market. We also know what makes a quality appraisal. We're also experienced enough to recognize that the competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Deborah M Hall to objectively evaluate appraisal reports executed by others. And those others could be examining our work, too!
In short, here at Deborah M Hall , you can have confidence in our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.