RWA Appraisals Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's rules, just contact RWA Appraisals.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is attained guarantees independence and quality." They "must also signify whether the appraisal or evaluation report matches the letter of engagement, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks augment periodic reviews with post-funding assessments of appraisal quality for some of their high-liability or higher-value contracts as a method to assist in uncovering valuation problems."
In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can 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 RWA Appraisals, we are skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers.
We know what the most frequent deficiencies are, particularly in our real estate market. We also know what represents a quality appraisal. In this regard, we're skilled enough to distinguish that the competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust RWA Appraisals to ethically review appraisal reports performed by others. And those others may be evaluating our work, too!
You can trust RWA Appraisals for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact RWA Appraisals for more information about our qualifications, expertise and services offered.