Experienced Appraisal Reviews with Columbus Appraisal Company, LLC
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's rules, just contact Columbus Appraisal Company, LLC.
If you need a real estate appraisal review or have questions about an appraisal, call Columbus Appraisal Company, LLC today.
According to the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is collected guarantees independence and quality." They "should also denote whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also notes that "some banks supplement regular reviews with post-funding surveys of appraisal quality for a number of their higher-risk or higher-value affairs as a means to aid in detecting valuation concerns."
In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can develop 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 forms of appraisal reviews, review processes and the requirements of review appraisers.
Columbus Appraisal Company, LLC realizes what the most frequent imperfections are, specifically in our real estate market, as well as what constitutes a quality appraisal. The professionals at Columbus Appraisal Company, LLC are also amply experienced to identify that our competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Columbus Appraisal Company, LLC to objectively review appraisal reports executed by others. And those others might be reviewing our work, too!
When you choose Columbus Appraisal Company, LLC, you can trust our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Columbus Appraisal Company, LLC regarding our qualifications, expertise and services offered.