Appraisal Reviews with Greater Orlando Appraisal Assoc., Inc.
As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Greater Orlando Appraisal Assoc., Inc., we provide appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report matches the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions supplement regular reviews with post-funding assessments of appraisal quality for a few of their high-risk or higher-value dealings as a means to help in identifying valuation disputes."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will formulate 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 Greater Orlando Appraisal Assoc., Inc., we're experienced in every kind of appraisal review, review process and the requirements of review appraisers.
We are aware of what the most prevalent deficiencies are, specifically in our real estate market, as well as what constitutes a quality appraisal. We're also adequately skilled to acknowledge that the competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Greater Orlando Appraisal Assoc., Inc. to justly evaluate appraisal reports carried out by others. And those others may be studying our work, too!
In short, here at Greater Orlando Appraisal Assoc., Inc., you can have confidence in our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Greater Orlando Appraisal Assoc., Inc. for more information about our qualifications, expertise and service offerings.