Experienced Appraisal Reviews by Southern Valuation Services, Inc
According to an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews ought to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's guidelines, look no further than Southern Valuation Services, Inc.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "must figure out whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. In addition, they "must demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for any of their higher-risk or high-value dealings as a channel to help in uncovering valuation problems."
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely 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. At Southern Valuation Services, Inc, we are experienced in every form of appraisal review, review procedure and the obligations of review appraisers.
Southern Valuation Services, Inc is aware of what amounts to a quality appraisal and what the most frequent inadequacies are, particularly in our home market. In the same regard, we're experienced enough to respect that the competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to objectively examine appraisal reports completed by others. And those others might be studying our work, too!
In short, when you choose Southern Valuation Services, Inc, you can have confidence in our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Southern Valuation Services, Inc to learn more about our qualifications, expertise and service offerings.