Brown Appraisal Associates Appraisal Reviews
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews are obligated to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Brown Appraisal Associates provides appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Brown Appraisal Associates today.
The Federal Reserve says appraisal reviews "ought to determine whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is attained guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment regular reviews with post-funding surveys of appraisal quality for any of their higher-liability or larger-value contracts as a channel to aid in discovering valuation complications."
In addition to tailoring 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 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. At Brown Appraisal Associates, we are trained in every kind of appraisal review, review procedure and the obligations of review appraisers.
We are aware of what the greatest weaknesses are, specifically in our home market, as well as what represents a quality appraisal. In the same regard, we're professional enough to know that the competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Brown Appraisal Associates to ethically evaluate appraisal reports completed by others. And those others may be reviewing our work, too!
In short, when you choose Brown Appraisal Associates, you can trust our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Brown Appraisal Associates for more information regarding our qualifications, expertise and services offered.