Quality Appraisal Reviews with Cole & Company Appraisal Services, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews must "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, expert, professional and square with the Federal Reserve's rules, contact Cole & Company Appraisal Services, Inc..
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Cole & Company Appraisal Services, Inc. today.
As stated by the Federal Reserve, appraisal reviews "have to conclude whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." They "should also denote whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for a few of their high-risk or larger-value contracts as a method to assist in uncovering valuation problems."
In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can 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. Here at Cole & Company Appraisal Services, Inc., we are skilled in every form of appraisal review, review procedure and the obligations of review appraisers.
Cole & Company Appraisal Services, Inc. is aware of what the most common weaknesses are, particularly in our home market. We also know what makes a quality appraisal. We're also amply trained to respect that our competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Cole & Company Appraisal Services, Inc. to lawfully study appraisal reports done by others. And those others could be reviewing our work, too!
You can rely on Cole & Company Appraisal Services, Inc. for our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.