|
|
Nobles Appraisal Express Appraisal Reviews
As said in an announcement
by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that
appraisers preparing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines."
Nobles Appraisal Express provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's regulations.
The purpose of appraisal reviews are to verify: whether the original appraisal or evaluation is applicable for the transaction, the exposure inherit in the transaction, and whether the manners by which the property valuation is rendered guarantees independence and quality.
In addition, they should demonstrate whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment.
The Fed also states 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".
 |
 |
 |
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today. |
|
|
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll produce 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 Nobles Appraisal Express, we are experienced in every kind of appraisal review, review process and the obligations of review appraisers.
Nobles Appraisal Express is aware of what the typical report defects are, especially in our housing market, as well as what constitutes a quality appraisal.
The professionals at Nobles Appraisal Express are also sufficiently skilled to respect that our 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 Nobles Appraisal Express to justly study appraisal reports carried out by others. And those others could be studying our work, too!
When you choose Nobles Appraisal Express, you can trust our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers.
Contact us for more information about our qualifications, expertise and service offerings.
|
|