Appraisal Reviews with All City Appraisal

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." All City Appraisal provides appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's rules.

If you need a real estate appraisal review or have questions about an appraisal, contact All City Appraisal today.

According to the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is obtained guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions augment routine reviews with post-funding assessments of appraisal quality for any of their higher-liability or higher-value transactions as a method to help in addressing valuation dilemmas."

In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually 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 All City Appraisal, we're experienced in every type of appraisal review, review procedure and the responsibilities of review appraisers.

All City Appraisal is aware of what the greatest imperfections are, specifically in our real estate market, as well as what makes a quality appraisal. At the same time, we're sufficiently skilled to identify that our competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on All City Appraisal to objectively valuate appraisal reports done by others. And those others could be evaluating our work, too!

You can count on All City Appraisal for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact All City Appraisal for more information regarding our qualifications, expertise and service offerings.

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