Expert Appraisal Reviews with Columbus Appraisal Company, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's rules, contact Columbus Appraisal Company, LLC.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact Columbus Appraisal Company, LLC today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also states that "some banks supplement regular reviews with post-funding assessments of appraisal quality for some of their high-liability or higher-value contracts as a method to help in addressing valuation problems."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll 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're trained in every type of appraisal review, review procedure and the requirements of review appraisers.
Columbus Appraisal Company, LLC understands what the most common imperfections are, specifically in our housing market. We also know what amounts to a quality appraisal. The professionals at Columbus Appraisal Company, LLC are also trained enough to recognize that our competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to fairly review appraisal reports completed by others. And those others might be evaluating our work, too!
Here at Columbus Appraisal Company, LLC, you can rely on our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Columbus Appraisal Company, LLC regarding our qualifications, expertise and service offerings.