Appraisal Reviews with RPR Appraisal Real Estate Solutions USA Inc.
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews should "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at RPR Appraisal Real Estate Solutions USA Inc., we provide appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's rules.
If you have questions about an appraisal, or if you need a real estate appraisal review, call RPR Appraisal Real Estate Solutions USA Inc. today.
The Federal Reserve says appraisal reviews "have to figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is obtained guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some banks add periodic reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value transactions as a channel to aid in detecting 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 primarily used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at RPR Appraisal Real Estate Solutions USA Inc., we are qualified in all kinds of appraisal reviews, review practices and the obligations of review appraisers.
We are aware of what the greatest defects are, particularly in our housing market, as well as what constitutes a quality appraisal. In the same sense, we are trained enough to know that the 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 trust us to ethically evaluate appraisal reports carried out by others. And those others may be reviewing our work, too!
When you choose RPR Appraisal Real Estate Solutions USA Inc., you can rely on our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.