Quality Appraisal Reviews with Irvine Appraising CompanyAccording to an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Irvine Appraising Company, we provide appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's guidelines. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call Irvine Appraising Company today. The Federal Reserve says appraisal reviews "should figure out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "must demonstrate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add routine reviews with post-funding surveys of appraisal quality for any of their higher-liability or higher-value affairs as a method to assist in discovering valuation disputes." In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally 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. Here at Irvine Appraising Company, we are experienced in all kinds of appraisal reviews, review practices and the obligations of review appraisers. We are aware of what represents a quality appraisal and what the most frequent inadequacies are, specifically in our housing market. The professionals at Irvine Appraising Company are also adequately trained to distinguish that the competitors in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on us to ethically look over appraisal reports completed by others. And those others may be evaluating our work, too! For professional, unbiased, ethical appraisal review services and neutral judgments, you can depend on Irvine Appraising Company. Contact us for more information regarding our qualifications, expertise and services offered. |