Quality Appraisal Reviews by Mid-Ten AppraisalsAccording to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's rules, just contact Mid-Ten Appraisals. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Mid-Ten Appraisals today. The Federal Reserve says appraisal reviews "ought to find out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality." They "should also demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add regular reviews with post-funding surveys of appraisal quality for any of their high-liability or large-value dealings as a way to aid in revealing valuation complications." In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll formulate 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 Mid-Ten Appraisals, we're skilled in all kinds of appraisal reviews, review processes and the obligations of review appraisers. We're aware of what represents a quality appraisal and what the greatest deficiencies are, specifically in our real estate market. In this regard, we're amply skilled to admit that the competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically look over appraisal reports executed by others. And those others might be examining our work, too! In short, at Mid-Ten Appraisals, you can rely on our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Mid-Ten Appraisals to learn more about our qualifications, expertise and services offered. |