As stated in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's rules, look no further than 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, contact us today.
Appraisal reviews "ought to figure out whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "must also signify whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also states that "some institutions augment periodic reviews with post-funding assessments of appraisal quality for some of their higher-risk or large-value transactions as a control to assist in discovering valuation complications."
In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll produce 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 are skilled in every form of appraisal review, review practice and the requirements of review appraisers.
We know what makes a quality appraisal and what the most common weaknesses are, specifically in our housing market. We're also adequately experienced to admit that the competitors in our market are skillful in doing quality work. 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 ethically review appraisal reports executed by others. And those others might be reviewing our work, too!
In short, at Timeline Appraisal Services, LLC, you can have confidence in our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Timeline Appraisal Services, LLC for more information regarding our qualifications, expertise and services offered.