Appraisal Reviews with Coastal A Real Estate & Appraisal Company, LLC.
According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." Coastal A Real Estate & Appraisal Company, LLC. provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Coastal A Real Estate & Appraisal Company, LLC. today.
As stated by the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "should denote whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also says that "some institutions supplement typical reviews with post-funding surveys of appraisal quality for a few of their higher-liability or greater-value dealings as a means to help in identifying valuation dilemmas."
In addition to coordinating 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 will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Coastal A Real Estate & Appraisal Company, LLC., we're qualified in every form of appraisal review, review procedure and the responsibilities of review appraisers.
Coastal A Real Estate & Appraisal Company, LLC. is aware of what represents a quality appraisal and what the most common deficiencies are, specifically in our housing market. We're also amply skilled to recognize that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Coastal A Real Estate & Appraisal Company, LLC. to justly evaluate appraisal reports executed by others. And those others may be examining our work, too!
Here at Coastal A Real Estate & Appraisal Company, LLC., you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Coastal A Real Estate & Appraisal Company, LLC. for more information about our qualifications, expertise and service offerings.