Timeline Appraisal Services, LLC Appraisal Reviews
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Timeline Appraisal Services, LLC, we provide appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Timeline Appraisal Services, LLC today.
The Federal Reserve says appraisal reviews "should verify whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality." Moreover, they "should denote whether the appraisal or evaluation report matches the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions supplement regular reviews with post-funding assessments of appraisal quality for a number of their high-liability or larger-value transactions as a channel to help in revealing valuation concerns."
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Timeline Appraisal Services, LLC, we are trained in every form of appraisal review, review process and the obligations of review appraisers.
We know what the most prevalent inadequacies are, especially in our real estate market, as well as what amounts to a quality appraisal. The professionals at Timeline Appraisal Services, LLC are also amply skilled to recognize that the competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Timeline Appraisal Services, LLC to ethically study appraisal reports performed by others. And those others could be reviewing our work, too!
Here at Timeline Appraisal Services, LLC, you can count on our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Timeline Appraisal Services, LLC for more information about our qualifications, expertise and service offerings.