For appraisal review services in Franklin, contact Nobles Appraisal Express

Getting a second opinion on an appraisal

According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers completing reviews are compelled 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 unbiased, qualified, professional and in accordance with the Federal Reserve's rules.

A review appraisal has to ascertain: whether the original appraisal or evaluation is applicable for the transaction, the liability inherit in the transaction, and whether the method by which the real estate valuation is attained guarantees independence and quality. The review should also indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment. Lastly, the Fed 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".


	If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today.

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Nobles Appraisal Express, we're trained in all types of appraisal reviews, review practices and the requirements of review appraisers.

For appraisal review services in Franklin, contact Nobles Appraisal Express We are aware of what the most likely report imperfections are, specifically in our housing market, as well as what represents a quality appraisal. The professionals at Nobles Appraisal Express are also skilled enough to respect that our competitors in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to ethically look over appraisal reports executed by others. And those others might be examining our work, too!

For professional, unbiased, ethical appraisal review services and independent judgments, you can depend on Nobles Appraisal Express. Contact us for more information regarding our qualifications, expertise and service offerings.