Appraisal Reviews by Dawson Appraisal Inc.
According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews should "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Dawson Appraisal Inc. provides appraisal review services that are objective, qualified, professional and square with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today.
According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality." They "must also signify whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve says that "some institutions add regular reviews with post-funding evaluations of appraisal quality for some of their higher-liability or greater-value dealings as a way to assist in revealing valuation disputes."
In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can 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 trained in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.
We realize what represents a quality appraisal and what the most prevalent inadequacies are, especially in our housing market. We're also experienced enough to recognize that our competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to justly evaluate appraisal reports executed by others. And those others could be evaluating our work, too!
In short, here at Dawson Appraisal Inc., you can trust our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Dawson Appraisal Inc. for more information regarding our qualifications, expertise and services offered.