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Savvy Appraisal Reviews by Eagle Appraisals IncAccording to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the obligation of appraisers engaged in reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Eagle Appraisals Inc, we provide appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's guidelines.A review appraisal has to detect: whether the original appraisal or evaluation is applicable for the transaction, the risk inherit in the transaction, and whether the methods by which the collateral valuation is acquired guarantees independence and quality. Moreover, they must announce whether the appraisal or evaluation report is in line with the letter of engagement, which sets forth the capacity of the appraisal assignment. The Federal Reserve goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll formulate 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 Eagle Appraisals Inc, we're qualified in all forms of appraisal reviews, review procedures and the obligations of review appraisers.
In short, here at Eagle Appraisals Inc, you can trust our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings. |
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Eagle Appraisals Inc understands what the most common reporting deficiencies are, particularly in our real estate market. We also know what makes a quality appraisal.
The professionals at Eagle Appraisals Inc are also amply experienced to admit that our competition in our market are qualified to do good 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 assess appraisal reports done by others. And those others may be studying our work, too!