Appraisal Reviews with Floyd Appraisal Works Inc

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation plans," and that appraisers fulfilling reviews ought to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Floyd Appraisal Works Inc provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines.

If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Floyd Appraisal Works Inc today.

Appraisal reviews "ought to determine whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment routine reviews with post-funding assessments of appraisal quality for some of their higher-risk or large-value transactions as a method to aid in discovering valuation disputes."

In addition to tailoring 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 formulate 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 Floyd Appraisal Works Inc, we are trained in every type of appraisal review, review procedure and the requirements of review appraisers.

Floyd Appraisal Works Inc is aware of what the most common imperfections are, specifically in our real estate market, as well as what makes a quality appraisal. In the same regard, we are trained enough to admit that our competitors in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Floyd Appraisal Works Inc to justly valuate appraisal reports performed by others. And those others could be evaluating our work, too!

In short, here at Floyd Appraisal Works Inc, you can rely on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Floyd Appraisal Works Inc regarding our qualifications, expertise and service offerings.