Quality Appraisal Reviews by Timeline Appraisal Services, LLC
According to a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews have to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's rules, just contact Timeline Appraisal Services, LLC.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Timeline Appraisal Services, LLC today.
Appraisal reviews "ought to verify whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "should also demonstrate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for some of their high-risk or higher-value contracts as a means to aid in uncovering valuation concerns."
In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll 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 every type of appraisal review, review procedure and the responsibilities of review appraisers.
Timeline Appraisal Services, LLC understands what the most prevalent deficiencies are, specifically in our housing market. We also understand what represents a quality appraisal. Concurrently, we are sufficiently experienced to recognize that the competition in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Timeline Appraisal Services, LLC to objectively assess appraisal reports performed by others. And those others could be reviewing our work, too!
For professional, impartial, ethical appraisal review services and independent judgments, you can depend on Timeline Appraisal Services, LLC. Contact us for more information regarding our qualifications, expertise and services offered.