Qualified Appraisal Reviews with Advantage Appraisal Service IncAs stated in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the ability and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Advantage Appraisal Service Inc provides appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's rules. 
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today. As stated by the Federal Reserve, appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must show whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add routine reviews with post-funding assessments of appraisal quality for a number of their high-risk or larger-value transactions as a control to aid in exposing valuation issues." In addition to coordinating 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 will formulate 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 Advantage Appraisal Service Inc, we are qualified in every type of appraisal review, review practice and the responsibilities of review appraisers. Advantage Appraisal Service Inc is aware of what constitutes a quality appraisal and what the most frequent weaknesses are, specifically in our housing market. Concurrently, we are amply trained to acknowledge that the competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Advantage Appraisal Service Inc to justly review appraisal reports performed by others. And those others may be reviewing our work, too! You can count on Advantage Appraisal Service Inc for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings. |