Dawson Appraisal Inc. Appraisal Reviews

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Dawson Appraisal Inc., we provide appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Dawson Appraisal Inc. today.

Appraisal reviews "must verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. They "must also indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or higher-value affairs as a way to help in identifying valuation dilemmas."

In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will formulate 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're qualified in every kind of appraisal review, review practice and the obligations of review appraisers.

We are aware of what the biggest inadequacies are, especially in our housing market, as well as what makes a quality appraisal. The professionals at Dawson Appraisal Inc. are also skilled enough to identify that our competitors in our market are able to do good 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 lawfully evaluate appraisal reports executed by others. And those others might be examining our work, too!

When you choose Dawson Appraisal Inc., you can rely on our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Dawson Appraisal Inc. for more information regarding our qualifications, expertise and service offerings.