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Appraisal Reviews with R.E. Analysts - Residential, LLC.According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers undertaking reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." R.E. Analysts - Residential, LLC. provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's guidelines.A review appraisal should pursue: whether the original appraisal or evaluation is applicable for the transaction, the liability inherit in the transaction, and whether the actions by which the property valuation is rendered guarantees independence and quality. The review should also signify whether the appraisal or evaluation report is in line with the engagement letter, which gives an account of the scope of the appraisal assignment. The Fed says 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 adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at R.E. Analysts - Residential, LLC., we're skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
At R.E. Analysts - Residential, LLC., you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered. |
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We are familiar with what the typical report inadequacies are, especially in our home market, as well as what makes a quality appraisal.
The professionals at R.E. Analysts - Residential, LLC. are also adequately skilled to admit that our competitors in our market are able to do quality work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust R.E. Analysts - Residential, LLC. to fairly review appraisal reports executed by others. And those others could be studying our work, too!