Appraisal Reviews by Floyd Appraisal Works Inc
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's rules, just contact Floyd Appraisal Works Inc.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "should decide whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. In addition, they "should indicate whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also says that "some financial institutions add typical reviews with post-funding surveys of appraisal quality for some of their high-liability or high-value affairs as a method to aid in revealing valuation disputes."
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will produce 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 Floyd Appraisal Works Inc, we are skilled in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.
Floyd Appraisal Works Inc knows what the greatest defects are, particularly in our housing market. We also understand what constitutes a quality appraisal. In the same sense, we're trained enough to acknowledge that our competition in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Floyd Appraisal Works Inc to objectively examine appraisal reports completed by others. And those others might be studying our work, too!
You can rely on Floyd Appraisal Works Inc for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.