Qualified Appraisal Reviews by Timeline Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews ought to "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." Timeline Appraisal Services, LLC provides appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's rules.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact Timeline Appraisal Services, LLC today.
Appraisal reviews "have to decide whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions supplement routine reviews with post-funding evaluations of appraisal quality for a number of their high-risk or high-value transactions as a way to assist in exposing valuation disputes."
In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll formulate 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 skilled in every form of appraisal review, review practice and the responsibilities of review appraisers.
We are aware of what the most frequent weaknesses are, particularly in our home market, as well as what makes a quality appraisal. In this regard, the professionals at Timeline Appraisal Services, LLC are amply trained to realize that the competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to objectively review appraisal reports completed by others. And those others could be evaluating our work, too!
When you choose Timeline Appraisal Services, LLC, you can trust our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings.