Appraisal Reviews with Dawson Appraisal Inc.
According to an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers completing reviews must "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's regulations, look no further than Dawson Appraisal Inc..
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call Dawson Appraisal Inc. today.
Appraisal reviews "should verify whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. In addition, they "must signify whether the appraisal or evaluation report matches the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement regular reviews with post-funding evaluations of appraisal quality for any of their high-liability or high-value dealings as a method to assist in revealing valuation concerns."
In addition to adjusting our work to the processes 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 one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Dawson Appraisal Inc., we are trained in every type of appraisal review, review process and the responsibilities of review appraisers.
We are familiar with what the most prevalent inadequacies are, particularly in our home market. We also understand what amounts to a quality appraisal. At the same time, the professionals at Dawson Appraisal Inc. are adequately experienced to acknowledge that the competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Dawson Appraisal Inc. to ethically look over appraisal reports carried out by others. And those others could be reviewing our work, too!
When you choose Dawson Appraisal Inc., you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.