Appraisal Reviews by RWA AppraisalsAccording to an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." RWA Appraisals provides appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's guidelines. 
If you need a real estate appraisal review or have questions in reference to an appraisal, contact RWA Appraisals today. As stated by the Federal Reserve, appraisal reviews "should decide whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for a few of their high-risk or high-value transactions as a control to aid in identifying valuation concerns." In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At RWA Appraisals, we are qualified in every kind of appraisal review, review procedure and the responsibilities of review appraisers. We realize what the greatest inadequacies are, particularly in our real estate market, as well as what constitutes a quality appraisal. In the same sense, we're trained enough to admit that our competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on RWA Appraisals to objectively assess appraisal reports performed by others. And those others may be reviewing our work, too! In short, when you choose RWA Appraisals, you can have confidence in our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact RWA Appraisals for more information regarding our qualifications, expertise and service offerings. |