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Alta Appraisal, L.L.C. (732) 998-8705 Appraisal ReviewsAs said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the call of appraisers performing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Alta Appraisal, L.L.C. (732) 998-8705, we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's rules.The purpose of appraisal reviews are to detect: whether the original appraisal or evaluation is suitable for the transaction, the exposure inherit in the transaction, and whether the actions by which the property valuation is accomplished ensures independence and quality. Moreover, they should signify whether the appraisal or evaluation report is in line with the letter of engagement, which describes the capacity of the appraisal assignment. The Fed says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Alta Appraisal, L.L.C. (732) 998-8705, we're trained in every type of appraisal review, review procedure and the responsibilities of review appraisers.
In short, at Alta Appraisal, L.L.C. (732) 998-8705, you can rely on our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Alta Appraisal, L.L.C. (732) 998-8705 for more information about our qualifications, expertise and services offered. |
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We are familiar with what the most common report deficiencies are, specifically in our home market, as well as what constitutes a quality appraisal.
In the same regard, we are amply trained to respect that the competition in our market are qualified to do a good job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Alta Appraisal, L.L.C. (732) 998-8705 to ethically look over appraisal reports executed by others. And those others might be reviewing our work, too!