Expert Appraisal Reviews by Dawson Appraisal Inc.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers doing reviews should "have the ability and expertise to evaluate 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 rules, look no further than Dawson Appraisal Inc..
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "must determine whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. In addition, they "must demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions add typical reviews with post-funding surveys of appraisal quality for any of their high-risk or high-value contracts as a channel to assist in revealing valuation disputes."
In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll develop 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're experienced in every kind of appraisal review, review practice and the requirements of review appraisers.
We know what the most common weaknesses are, particularly in our real estate market. We also understand what represents a quality appraisal. We're also skilled enough to acknowledge that our competitors in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Dawson Appraisal Inc. to fairly look over appraisal reports executed by others. And those others might be evaluating our work, too!
You can count on Dawson Appraisal Inc. for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Dawson Appraisal Inc. regarding our qualifications, expertise and service offerings.