Weaver Appraisal Group Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews are obligated to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Weaver Appraisal Group, we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today.
According to the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality." In addition, they "must denote whether the appraisal or evaluation report is even with the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks add routine reviews with post-funding surveys of appraisal quality for a few of their high-liability or large-value dealings as a control to aid in identifying valuation issues."
In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Weaver Appraisal Group, we're skilled in every type of appraisal review, review practice and the requirements of review appraisers.
Weaver Appraisal Group is aware of what represents a quality appraisal and what the greatest defects are, particularly in our home market. Concurrently, we are amply experienced to know that the competitors in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Weaver Appraisal Group to lawfully study appraisal reports performed by others. And those others might be reviewing our work, too!
In short, when you choose Weaver Appraisal Group, you can trust our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Weaver Appraisal Group regarding our qualifications, expertise and service offerings.