Experienced Appraisal Reviews with Weaver Appraisal Group
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's regulations, contact Weaver Appraisal Group.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Weaver Appraisal Group today.
As stated by the Federal Reserve, appraisal reviews "ought to verify whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality." In addition, they "must show whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce periodic reviews with post-funding surveys of appraisal quality for any of their higher-liability or larger-value contracts as a means to help in identifying valuation issues."
In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can develop 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 all kinds of appraisal reviews, review practices and the requirements of review appraisers.
We're aware of what amounts to a quality appraisal and what the most common defects are, particularly in our real estate market. At the same time, we are adequately experienced to respect that the competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to objectively look over appraisal reports executed by others. And those others might be studying our work, too!
For professional, fair, ethical appraisal review services and honest judgments, you can count on Weaver Appraisal Group. Contact us to learn more about our qualifications, expertise and services offered.