Qualified Appraisal Reviews with Dawson Appraisal Inc.
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews are obligated to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Dawson Appraisal Inc., we provide appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "must determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. Moreover, they "should denote whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also states that "some financial institutions add regular reviews with post-funding evaluations of appraisal quality for some of their higher-risk or high-value dealings as a method to assist in exposing valuation dilemmas."
In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can prepare 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 Dawson Appraisal Inc., we're trained in every kind of appraisal review, review process and the responsibilities of review appraisers.
Dawson Appraisal Inc. is aware of what the most common weaknesses are, particularly in our real estate market, as well as what represents a quality appraisal. The professionals at Dawson Appraisal Inc. are also amply skilled to realize that our competitors in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to objectively review appraisal reports completed by others. And those others may be studying our work, too!
At Dawson Appraisal Inc., you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Dawson Appraisal Inc. for more information regarding our qualifications, expertise and services offered.