Experienced Appraisal Reviews by Dawson Appraisal Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Dawson Appraisal Inc., we provide appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules.
If you have questions about an appraisal, or if you need a real estate appraisal review, call Dawson Appraisal Inc. today.
According to the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must announce whether the appraisal or evaluation report is even with the engagement letter, which describes the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some banks reinforce routine reviews with post-funding surveys of appraisal quality for a number of their higher-risk or greater-value contracts as a way to aid in revealing valuation concerns."
In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly 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 Dawson Appraisal Inc., we are qualified in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.
We realize what the most common imperfections are, specifically in our home market. We also understand what represents a quality appraisal. We're also amply experienced to recognize that the competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to fairly study appraisal reports completed by others. And those others might be evaluating our work, too!
In short, when you choose Dawson Appraisal Inc., you can be sure of our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings.