Quality Appraisal Reviews by Chandler Real Estate Services, LLC
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers completing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At Chandler Real Estate Services, LLC, we provide appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Chandler Real Estate Services, LLC today.
As stated by the Federal Reserve, appraisal reviews "must find out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is attained guarantees independence and quality." They "should also demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions augment periodic reviews with post-funding evaluations of appraisal quality for some of their higher-liability or larger-value transactions as a control to aid in discovering valuation problems."
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will produce 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 Chandler Real Estate Services, LLC, we're qualified in every form of appraisal review, review process and the responsibilities of review appraisers.
We're aware of what the most common inadequacies are, specifically in our home market, as well as what amounts to a quality appraisal. The professionals at Chandler Real Estate Services, LLC are also sufficiently skilled to respect that our competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly evaluate appraisal reports performed by others. And those others could be examining our work, too!
For professional, impartial, ethical appraisal review services and truthful judgments, you can rely on Chandler Real Estate Services, LLC. Contact Chandler Real Estate Services, LLC regarding our qualifications, expertise and services offered.