Kent & Associates Appraisal Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews have to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Kent & Associates Appraisal, we provide appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Kent & Associates Appraisal today.
As stated by the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality." Moreover, they "should indicate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions augment periodic reviews with post-funding surveys of appraisal quality for some of their high-liability or high-value transactions as a control to help in addressing valuation dilemmas."
In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Kent & Associates Appraisal, we're qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers.
Kent & Associates Appraisal understands what the biggest defects are, specifically in our housing market, as well as what makes a quality appraisal. Concurrently, we are trained enough to identify that our competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Kent & Associates Appraisal to objectively evaluate appraisal reports performed by others. And those others could be examining our work, too!
You can rely on Kent & Associates Appraisal for our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Kent & Associates Appraisal regarding our qualifications, expertise and services offered.