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Getting a second opinion on an appraisalAs said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers preparing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Craig Campbell: clc72703@gmail.com (479) 530-2433 provides appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's regulations.The purpose of appraisal reviews are to determine: whether the original appraisal or evaluation is appropriate for the transaction, the exposure inherit in the transaction, and whether the practices by which the collateral valuation is attained ensures independence and quality. In addition, they should announce whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the outlook of the appraisal assignment. Lastly, the Federal Reserve also goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Craig Campbell: clc72703@gmail.com (479) 530-2433, we are trained in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.
When you choose Craig Campbell: clc72703@gmail.com (479) 530-2433, you can be sure of our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Craig Campbell: clc72703@gmail.com (479) 530-2433 to learn more about our qualifications, expertise and services offered. |
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We understand what amounts to a quality appraisal and what the most common errors are, particularly when it comes to our home market.
In the same regard, we're amply trained to admit that our competitors in our market are qualified to do a great job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Craig Campbell: clc72703@gmail.com (479) 530-2433 to lawfully valuate appraisal reports carried out by others. And those others may be reviewing our work, too!