Severson Appraisal Service Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews should "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Severson Appraisal Service provides appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's guidelines. 
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Severson Appraisal Service today. According to the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must indicate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce routine reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or larger-value affairs as a way to aid in uncovering valuation problems." In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Severson Appraisal Service, we're experienced in every form of appraisal review, review procedure and the obligations of review appraisers. Severson Appraisal Service knows what the most prevalent inadequacies are, especially in our housing market, as well as what constitutes a quality appraisal. We're also skilled enough to acknowledge that the competitors in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to lawfully examine appraisal reports executed by others. And those others could be examining our work, too! At Severson Appraisal Service, you can have confidence in our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Severson Appraisal Service regarding our qualifications, expertise and service offerings. |