Appraisal Reviews with CAA Real Property Services
According to a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations, look no further than CAA Real Property Services.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact CAA Real Property Services today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for some of their higher-risk or high-value contracts as a control to help in detecting valuation complications."
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at CAA Real Property Services, we are skilled in all types of appraisal reviews, review practices and the obligations of review appraisers.
CAA Real Property Services realizes what constitutes a quality appraisal and what the most common weaknesses are, particularly in our housing market. The professionals at CAA Real Property Services are also adequately trained to acknowledge that our competition 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 us to ethically study appraisal reports completed by others. And those others might be evaluating our work, too!
For professional, impartial, ethical appraisal review services and neutral judgments, you can rely on CAA Real Property Services. Contact CAA Real Property Services regarding our qualifications, expertise and service offerings.