Expert Appraisal Reviews by Accurity Valuation Eagle AppraisalsAccording to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers undertaking reviews are compelled to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Accurity Valuation Eagle Appraisals provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules.
The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is applicable for the transaction, the exposure inherit in the transaction, and whether the manner by which the collateral valuation is acquired guarantees independence and quality. Moreover, they must show whether the appraisal or evaluation report is in line with the engagement letter, which gives an account of the extent of the appraisal assignment. The Federal Reserve also goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll prepare 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 Accurity Valuation Eagle Appraisals, we're qualified in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.
We understand what the greatest reporting imperfections are, specifically in our home market. We also know what represents a quality appraisal. At the same time, we're professional enough to know that our competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Accurity Valuation Eagle Appraisals to ethically review appraisal reports completed by others. And those others may be evaluating our work, too!
You can trust Accurity Valuation Eagle Appraisals for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.