Appraisal Reviews

As said in a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants, we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's rules.

If you need a real estate appraisal review or have questions regarding an appraisal, call Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants today.

According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is obtained guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions reinforce regular reviews with post-funding assessments of appraisal quality for a number of their higher-liability or higher-value contracts as a channel to aid in revealing valuation problems."

In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll 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 Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants, we're skilled in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.

Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants realizes what the most frequent deficiencies are, specifically in our housing market, as well as what represents a quality appraisal. In this regard, we are professional enough to know that the competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants to lawfully examine appraisal reports executed by others. And those others may be evaluating our work, too!

In short, when you choose Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants, you can rely on our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants regarding our qualifications, expertise and services offered.