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Skilled Appraisal Reviews by Appraisal Associates of North Georgia
As said in a statement
by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that
it's the prudent for appraisers completing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines."
Appraisal Associates of North Georgia provides appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules.
A review appraisal has to detect: whether the original appraisal or evaluation is applicable for the transaction, the exposure inherit in the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality.
The review should also show whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the reach of the appraisal assignment.
The Fed states 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".
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If you have questions about an appraisal, or if you need a real estate appraisal review, call us today. |
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In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually 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 Appraisal Associates of North Georgia, we're experienced in every form of appraisal review, review practice and the requirements of review appraisers.
We realize what the most likely report imperfections are, especially in our home market, as well as what constitutes a quality appraisal.
The professionals at Appraisal Associates of North Georgia are also trained enough to know that our competition in our market are skillful in doing good work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically study appraisal reports carried out by others. And those others may be reviewing our work, too!
When you choose Appraisal Associates of North Georgia, you can have confidence in our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers.
Contact us for more information about our qualifications, expertise and services offered.
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