Expert Appraisal Reviews with Timeline Appraisal Services, LLC
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews must "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At Timeline Appraisal Services, LLC, we provide appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions regarding an appraisal, call us today.
According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "should signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or large-value transactions as a way to help in uncovering valuation issues."
In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Timeline Appraisal Services, LLC, we're trained in every type of appraisal review, review process and the requirements of review appraisers.
We realize what the most common deficiencies are, specifically in our housing market, as well as what constitutes a quality appraisal. In the same regard, we're adequately skilled to acknowledge that the competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to lawfully examine appraisal reports completed by others. And those others may be evaluating our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can rely on Timeline Appraisal Services, LLC. Contact us to learn more about our qualifications, expertise and services offered.