Experienced Appraisal Reviews by Columbus Appraisal Company, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Columbus Appraisal Company, LLC provides appraisal review services that are impartial, expert, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call Columbus Appraisal Company, LLC today.
Appraisal reviews "have to verify 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 attained ensures independence and quality," the Federal Reserve says. They "should also signify whether the appraisal or evaluation report is even with the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks add periodic reviews with post-funding surveys of appraisal quality for a few of their high-risk or greater-value dealings as a channel to assist in uncovering valuation disputes."
In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are typically 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. Here at Columbus Appraisal Company, LLC, we are trained in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.
We know what the most frequent weaknesses are, especially in our real estate market, as well as what makes a quality appraisal. In the same sense, the professionals at Columbus Appraisal Company, LLC are amply experienced to know that the competition in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Columbus Appraisal Company, LLC to objectively review appraisal reports executed by others. And those others could be studying our work, too!
You can trust Columbus Appraisal Company, LLC for our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Columbus Appraisal Company, LLC for more information about our qualifications, expertise and services offered.