Appraisal Reviews with Horizon Appraisal Services, LLC
According to an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation plans," and that appraisers fulfilling reviews must "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's rules, contact Horizon Appraisal Services, LLC.
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is collected ensures independence and quality," the Federal Reserve says. Moreover, they "should signify whether the appraisal or evaluation report is true to the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks add routine reviews with post-funding evaluations of appraisal quality for a few of their high-liability or greater-value transactions as a control to aid in addressing valuation disputes."
In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will develop 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 Horizon Appraisal Services, LLC, we're trained in all types of appraisal reviews, review processes and the requirements of review appraisers.
Horizon Appraisal Services, LLC knows what the greatest defects are, especially in our real estate market. We also understand what constitutes a quality appraisal. We're also experienced enough to identify that the competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Horizon Appraisal Services, LLC to lawfully review appraisal reports executed by others. And those others may be examining our work, too!
In short, here at Horizon Appraisal Services, LLC, you can count on our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.