Qualified Appraisal Reviews by Greater Orlando Appraisal Assoc., Inc.
As said in a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Greater Orlando Appraisal Assoc., Inc. provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, call Greater Orlando Appraisal Assoc., Inc. today.
Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. Moreover, they "must indicate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the extent of the appraisal assignment." The Federal Reserve also states that "some banks reinforce typical reviews with post-funding assessments of appraisal quality for a few of their higher-liability or high-value affairs as a channel to aid in addressing valuation disputes."
In addition to adapting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Greater Orlando Appraisal Assoc., Inc., we're experienced in every form of appraisal review, review practice and the requirements of review appraisers.
We know what the most frequent imperfections are, especially in our real estate market. We also understand what constitutes a quality appraisal. At the same time, we're amply skilled to realize that the competitors in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Greater Orlando Appraisal Assoc., Inc. to objectively valuate appraisal reports carried out by others. And those others may be reviewing our work, too!
You can rely on Greater Orlando Appraisal Assoc., Inc. for our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Greater Orlando Appraisal Assoc., Inc. for more information regarding our qualifications, expertise and service offerings.