Qualified Appraisal Reviews by Kent & Associates Appraisal
As said in a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and square with the Federal Reserve's rules, look no further than Kent & Associates Appraisal.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact Kent & Associates Appraisal today.
Appraisal reviews "ought to find out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the processes by which the collateral valuation is collected ensures independence and quality," the Federal Reserve says. Moreover, they "should show whether the appraisal or evaluation report matches the letter of engagement, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions add regular reviews with post-funding surveys of appraisal quality for a number of their higher-risk or large-value dealings as a method to assist in exposing valuation disputes."
In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Kent & Associates Appraisal, we're qualified in every kind of appraisal review, review practice and the requirements of review appraisers.
We are aware of what the biggest imperfections are, especially in our real estate market. We also understand what constitutes a quality appraisal. Concurrently, we're experienced enough to identify that our competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Kent & Associates Appraisal to objectively look over appraisal reports executed by others. And those others could be reviewing our work, too!
In short, at Kent & Associates Appraisal, you can be sure of our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Kent & Associates Appraisal for more information regarding our qualifications, expertise and service offerings.