Experienced Appraisal Reviews by Real Analytics LLC
As said in a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews ought to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Real Analytics LLC provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions in reference to an appraisal, call Real Analytics LLC today.
According to the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality." They "must also show whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add typical reviews with post-funding assessments of appraisal quality for a few of their high-risk or higher-value contracts as a channel to aid in detecting valuation issues."
In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally 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 Real Analytics LLC, we are trained in all types of appraisal reviews, review processes and the responsibilities of review appraisers.
Real Analytics LLC realizes what the most prevalent defects are, especially in our housing market. We also know what amounts to a quality appraisal. At the same time, the professionals at Real Analytics LLC are sufficiently experienced to admit that the competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to objectively examine appraisal reports done by others. And those others may be evaluating our work, too!
For professional, fair, ethical appraisal review services and neutral judgments, you can depend on Real Analytics LLC. Contact us for more information about our qualifications, expertise and service offerings.