Appraisal Reviews with Timeline Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." At Timeline Appraisal Services, LLC, we provide appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "must conclude whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. They "should also denote whether the appraisal or evaluation report is true to the letter of engagement, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add typical reviews with post-funding assessments of appraisal quality for a number of their high-risk or high-value affairs as a method to help in revealing valuation issues."
In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can 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 Timeline Appraisal Services, LLC, we are skilled in all types of appraisal reviews, review practices and the obligations of review appraisers.
We are aware of what the most prevalent weaknesses are, particularly in our housing market, as well as what constitutes a quality appraisal. The professionals at Timeline Appraisal Services, LLC are also sufficiently skilled to identify that our competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to lawfully look over appraisal reports performed by others. And those others may be examining our work, too!
For professional, objective, ethical appraisal review services and truthful judgments, you can rely on Timeline Appraisal Services, LLC. Contact Timeline Appraisal Services, LLC regarding our qualifications, expertise and service offerings.