Appraisal Reviews with All City Appraisal

As said in a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines, look no further than All City Appraisal.

If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.

Appraisal reviews "should conclude whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "must also denote whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add typical reviews with post-funding assessments of appraisal quality for a number of their high-risk or larger-value affairs as a channel to aid in detecting valuation disputes."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will 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. Here at All City Appraisal, we are experienced in every form of appraisal review, review practice and the obligations of review appraisers.

We are familiar with what the biggest inadequacies are, particularly in our real estate market, as well as what represents a quality appraisal. At the same time, we are trained enough to respect that our competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on All City Appraisal to lawfully valuate appraisal reports done by others. And those others might be reviewing our work, too!

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

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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 4.55% 4.7%
15-yr Fixed 4.01% 4.22%
1-yr Adj 2.76% 3.42%
* national averages