Experienced Appraisal Reviews with Ashley Urso Appraisals, LLC.
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines, look no further than Ashley Urso Appraisals, LLC.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "have to determine whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. Moreover, they "must signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks augment routine reviews with post-funding surveys of appraisal quality for any of their higher-liability or higher-value contracts as a way to assist in addressing valuation concerns."
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Ashley Urso Appraisals, LLC., we are trained in all types of appraisal reviews, review procedures and the obligations of review appraisers.
We are familiar with what represents a quality appraisal and what the greatest deficiencies are, particularly in our housing market. Concurrently, we're proficient enough to acknowledge that our competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically review appraisal reports executed by others. And those others might be examining our work, too!
When you choose Ashley Urso Appraisals, LLC., you can rely on our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.