Experienced Appraisal Reviews with Timeline Appraisal Services, LLC
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews should "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's regulations, contact Timeline Appraisal Services, LLC.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "must figure out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. Moreover, they "must signify whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add regular reviews with post-funding assessments of appraisal quality for a number of their higher-liability or larger-value contracts as a way to assist in addressing valuation dilemmas."
In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will develop 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 skilled in all types of appraisal reviews, review processes and the responsibilities of review appraisers.
We understand what represents a quality appraisal and what the most frequent imperfections are, especially in our home market. The professionals at Timeline Appraisal Services, LLC are also amply trained to distinguish that the competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Timeline Appraisal Services, LLC to fairly look over appraisal reports executed by others. And those others could be evaluating our work, too!
When you choose Timeline Appraisal Services, LLC, you can count on our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Timeline Appraisal Services, LLC to learn more about our qualifications, expertise and service offerings.