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Skilled Appraisal Reviews by Roth Real Estate Appraisal ServicesAs 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 appraisers engaged in reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Roth Real Estate Appraisal Services provides appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's guidelines.The purpose of appraisal reviews are to determine: whether the original appraisal or evaluation is well-suited for the transaction, the liability inherit in the transaction, and whether the manners by which the real estate valuation is obtained guarantees independence and quality. Moreover, they must announce whether the appraisal or evaluation report is compatible with the engagement letter, which describes the capacity of the appraisal assignment. Lastly, the Fed also goes on to say 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 coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Roth Real Estate Appraisal Services, we are skilled in every form of appraisal review, review practice and the responsibilities of review appraisers.
You can trust Roth Real Estate Appraisal Services for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings. |
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Roth Real Estate Appraisal Services knows what the most likely report imperfections are, particularly in our home market, as well as what represents a quality appraisal.
In the same regard, we're skilled enough to recognize that our competition in our market are skillful in doing a great job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Roth Real Estate Appraisal Services to objectively look over appraisal reports carried out by others. And those others could be evaluating our work, too!