Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants Appraisal Reviews
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." At Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants, we provide appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants today.
According to the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the procedures by which the collateral valuation is obtained guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is true to the engagement letter, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions augment typical reviews with post-funding assessments of appraisal quality for any of their higher-risk or large-value affairs as a way to assist in identifying valuation complications."
In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are largely 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. Here at Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants, we are qualified in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.
We are familiar with what the most prevalent imperfections are, particularly in our real estate market. We also know what constitutes a quality appraisal. The professionals at Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants are also adequately skilled to identify that the competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to fairly evaluate appraisal reports carried out by others. And those others could be studying our work, too!
At Bruce W. Reyle Commercial and Residential Real Estate Appraisers & Consultants, you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings.