According to a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews are obligated to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's guidelines, just contact Greater Orlando Appraisal Assoc., Inc..
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call Greater Orlando Appraisal Assoc., Inc. today.
Appraisal reviews "ought to determine whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report is even with the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add typical reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or larger-value affairs as a control to aid in identifying valuation dilemmas."
In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will 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 Greater Orlando Appraisal Assoc., Inc., we are trained in every form of appraisal review, review practice and the obligations of review appraisers.
We know what the greatest deficiencies are, particularly in our housing market, as well as what represents a quality appraisal. The professionals at Greater Orlando Appraisal Assoc., Inc. are also skilled enough to recognize that our competitors in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Greater Orlando Appraisal Assoc., Inc. to ethically evaluate appraisal reports carried out by others. And those others may be evaluating our work, too!
For professional, unbiased, ethical appraisal review services and independent judgments, you can rely on Greater Orlando Appraisal Assoc., Inc.. Contact Greater Orlando Appraisal Assoc., Inc. to learn more about our qualifications, expertise and service offerings.