Appraisal Reviews by Currier Appraisal Services LLC
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Currier Appraisal Services LLC provides appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.
The Federal Reserve says appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is collected ensures independence and quality." They "must also denote whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment typical reviews with post-funding surveys of appraisal quality for a few of their higher-liability or high-value contracts as a method to help in discovering valuation concerns."
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Currier Appraisal Services LLC, we are qualified in every kind of appraisal review, review practice and the requirements of review appraisers.
Currier Appraisal Services LLC knows what the greatest weaknesses are, particularly in our real estate market, as well as what makes a quality appraisal. In the same sense, we are trained enough to acknowledge that the competitors in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Currier Appraisal Services LLC to fairly study appraisal reports done by others. And those others might be evaluating our work, too!
In short, at Currier Appraisal Services LLC, you can count on our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.