Appraisal Reviews by Dawson Appraisal Inc.

As said in a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Dawson Appraisal Inc. provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's regulations.

If you need a real estate appraisal review or have questions regarding an appraisal, call us today.

According to the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained guarantees independence and quality." They "must also demonstrate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the outlook of the appraisal assignment." The Federal Reserve also states that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for a few of their higher-liability or greater-value affairs as a means to help in identifying valuation concerns."

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Dawson Appraisal Inc., we are skilled in every type of appraisal review, review process and the requirements of review appraisers.

Dawson Appraisal Inc. knows what the most frequent weaknesses are, specifically in our real estate market, as well as what makes a quality appraisal. The professionals at Dawson Appraisal Inc. are also sufficiently experienced to identify that the competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to lawfully study appraisal reports carried out by others. And those others might be evaluating our work, too!

Here at Dawson Appraisal Inc., you can trust our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.