Experienced Appraisal Reviews with Dawson Appraisal Inc.
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines, contact Dawson Appraisal Inc..
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is obtained guarantees independence and quality." Moreover, they "must signify whether the appraisal or evaluation report is even with the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some institutions add routine reviews with post-funding assessments of appraisal quality for any of their high-risk or greater-value transactions as a way to assist in detecting valuation issues."
In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Dawson Appraisal Inc., we are qualified in all kinds of appraisal reviews, review practices and the requirements of review appraisers.
We are aware of what amounts to a quality appraisal and what the most frequent defects are, especially in our real estate market. In this regard, we are proficient enough to acknowledge that our competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Dawson Appraisal Inc. to justly valuate appraisal reports carried out by others. And those others may be evaluating our work, too!
When you choose Dawson Appraisal Inc., you can have confidence in our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Dawson Appraisal Inc. to learn more about our qualifications, expertise and services offered.