Quality Appraisal Reviews with Dawson Appraisal Inc.

According to a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Dawson Appraisal Inc., we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.

If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call Dawson Appraisal Inc. today.

Appraisal reviews "should decide whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. They "should also announce whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." The Federal Reserve also states that "some banks reinforce routine reviews with post-funding evaluations of appraisal quality for any of their high-liability or large-value dealings as a method to help in addressing valuation disputes."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will develop 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 Dawson Appraisal Inc., we're skilled in every form of appraisal review, review practice and the obligations of review appraisers.

Dawson Appraisal Inc. is aware of what represents a quality appraisal and what the most common deficiencies are, especially in our housing market. We're also trained enough to recognize that the competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to objectively valuate appraisal reports performed by others. And those others may be examining our work, too!

You can rely on Dawson Appraisal Inc. for our independent judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.