Quality Appraisal Reviews by Race Appraisal Services, LLCAccording to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews should "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules, just contact Race Appraisal Services, LLC. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today. The Federal Reserve says appraisal reviews "must figure out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some institutions augment typical reviews with post-funding assessments of appraisal quality for some of their high-risk or larger-value transactions as a method to aid in discovering valuation complications." In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can 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 Race Appraisal Services, LLC, we are experienced in every kind of appraisal review, review process and the obligations of review appraisers. We are familiar with what the most frequent deficiencies are, particularly in our housing market. We also know what constitutes a quality appraisal. The professionals at Race Appraisal Services, LLC are also trained enough to recognize that the competitors in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly assess appraisal reports completed by others. And those others could be evaluating our work, too! At Race Appraisal Services, LLC, you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Race Appraisal Services, LLC to learn more about our qualifications, expertise and service offerings. |
Got a Question?
Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.