Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews must "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Filson's Real Estate Appraisal Services, Inc. provides appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's guidelines. 
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Filson's Real Estate Appraisal Services, Inc. today. The Federal Reserve says appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is attained ensures independence and quality." They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for a few of their high-risk or greater-value affairs as a method to help in addressing valuation disputes." In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Filson's Real Estate Appraisal Services, Inc., we're experienced in every form of appraisal review, review process and the requirements of review appraisers. We are familiar with what the most frequent defects are, especially in our housing market, as well as what makes a quality appraisal. In the same sense, the professionals at Filson's Real Estate Appraisal Services, Inc. are adequately skilled to acknowledge that the competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Filson's Real Estate Appraisal Services, Inc. to lawfully review appraisal reports executed by others. And those others could be evaluating our work, too! For professional, unbiased, ethical appraisal review services and truthful judgments, you can count on Filson's Real Estate Appraisal Services, Inc.. Contact Filson's Real Estate Appraisal Services, Inc. to learn more about our qualifications, expertise and service offerings. |