Expert Appraisal Reviews by Weaver Appraisal Group
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews must "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's rules, just contact Weaver Appraisal Group.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "should find out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "should also announce whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some banks add typical reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or large-value contracts as a means to help in addressing valuation concerns."
In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll 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. Here at Weaver Appraisal Group, we're experienced in all forms of appraisal reviews, review procedures and the obligations of review appraisers.
We are familiar with what the most frequent inadequacies are, particularly in our real estate market, as well as what represents a quality appraisal. We're also skilled enough to admit that the competitors in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Weaver Appraisal Group to ethically valuate appraisal reports done by others. And those others might be studying our work, too!
You can rely on Weaver Appraisal Group for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Weaver Appraisal Group for more information regarding our qualifications, expertise and services offered.