Experienced Appraisal Reviews by All City Appraisal

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." All City Appraisal provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules.

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

According to the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report is even with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also notes that "some financial institutions add periodic reviews with post-funding assessments of appraisal quality for some of their high-liability or large-value dealings as a method to aid in discovering valuation complications."

In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will formulate an appraisal review on any 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 qualified in every form of appraisal review, review process and the requirements of review appraisers.

We are familiar with what the most frequent weaknesses are, specifically in our real estate market, as well as what amounts to a quality appraisal. In the same sense, we're skilled enough to admit that the competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to justly look over appraisal reports executed by others. And those others may be examining our work, too!

You can trust All City Appraisal for our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.

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Mtg Loan Rate APR
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