Timeline Appraisal Services, LLC Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers completing reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's guidelines, just contact Timeline 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.
Appraisal reviews "have to verify whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions reinforce routine reviews with post-funding assessments of appraisal quality for a few of their high-liability or large-value contracts as a method to aid in discovering valuation disputes."
In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally 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. At Timeline Appraisal Services, LLC, we're skilled in all types of appraisal reviews, review practices and the obligations of review appraisers.
We understand what represents a quality appraisal and what the most frequent inadequacies are, especially in our housing market. We're also skilled enough to admit that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to lawfully evaluate appraisal reports completed by others. And those others could be reviewing our work, too!
You can depend on Timeline Appraisal Services, LLC for our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Timeline Appraisal Services, LLC for more information regarding our qualifications, expertise and service offerings.