Appraisal Reviews by RWA Appraisals

As said in a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." RWA Appraisals provides appraisal review services that are independent, expert, professional and in line with the Federal Reserve's guidelines.

If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact RWA Appraisals today.

According to the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality." Moreover, they "must show whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some financial institutions add routine reviews with post-funding evaluations of appraisal quality for some of their high-risk or larger-value contracts as a channel to assist in revealing valuation disputes."

In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll develop 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 RWA Appraisals, we are trained in all forms of appraisal reviews, review practices and the obligations of review appraisers.

RWA Appraisals realizes what the most common deficiencies are, especially in our housing market. We also understand what makes a quality appraisal. At the same time, we are adequately trained to distinguish that our competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to objectively study appraisal reports carried out by others. And those others may be evaluating our work, too!

You can count on RWA Appraisals for our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.