Dawson Appraisal Inc. Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the ability and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Dawson Appraisal Inc. provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's regulations.

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

According to the Federal Reserve, appraisal reviews "should find out whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." In addition, they "must indicate whether the appraisal or evaluation report is consistent with the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment typical reviews with post-funding evaluations of appraisal quality for some of their high-risk or large-value dealings as a means to aid in detecting valuation issues."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll 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're skilled in all kinds of appraisal reviews, review practices and the requirements of review appraisers.

Dawson Appraisal Inc. realizes what the most common deficiencies are, especially in our home market, as well as what constitutes a quality appraisal. We're also experienced enough to acknowledge that the competitors 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 Dawson Appraisal Inc. to ethically look over appraisal reports completed by others. And those others might be evaluating our work, too!

You can count on Dawson Appraisal Inc. for our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.