Appraisal Reviews with Timeline Appraisal Services, LLC
According to an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews have to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's rules, contact Timeline Appraisal Services, LLC.
If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.
The Federal Reserve says appraisal reviews "should conclude whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is obtained guarantees independence and quality." In addition, they "should denote whether the appraisal or evaluation report matches the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions augment periodic reviews with post-funding surveys of appraisal quality for some of their higher-risk or higher-value affairs as a way to help in addressing valuation issues."
In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can 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're qualified in every kind of appraisal review, review practice and the obligations of review appraisers.
We're aware of what the biggest inadequacies are, specifically in our housing market, as well as what constitutes a quality appraisal. In the same sense, we're amply trained to realize that the competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Timeline Appraisal Services, LLC to lawfully review appraisal reports done by others. And those others may be reviewing our work, too!
In short, when you choose Timeline Appraisal Services, LLC, you can have confidence in our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Timeline Appraisal Services, LLC for more information about our qualifications, expertise and service offerings.