Expert Appraisal Reviews with Weaver Appraisal Group
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers doing reviews are obligated to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's regulations, contact Weaver Appraisal Group.
If you need a real estate appraisal review or have questions about an appraisal, contact us today.
As stated by the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report is even with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some banks supplement routine reviews with post-funding assessments of appraisal quality for a number of their higher-risk or greater-value dealings as a way to assist in uncovering valuation complications."
In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we will develop 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 Weaver Appraisal Group, we are qualified in every type of appraisal review, review practice and the requirements of review appraisers.
Weaver Appraisal Group realizes what represents a quality appraisal and what the most common defects are, specifically in our home market. The professionals at Weaver Appraisal Group are also trained enough to know that our competition in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to lawfully assess appraisal reports performed by others. And those others may be examining our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can rely on Weaver Appraisal Group. Contact us regarding our qualifications, expertise and service offerings.