Appraisal Reviews by Appraisal Services of Brandon, Inc .

According to a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews must "have the proficiency and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Appraisal Services of Brandon, Inc . provides appraisal review services that are independent, expert, professional and square with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions in reference to an appraisal, contact Appraisal Services of Brandon, Inc . today.

Appraisal reviews "have to figure out whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. They "should also announce whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve states that "some banks reinforce typical reviews with post-funding surveys of appraisal quality for any of their higher-liability or large-value transactions as a method to aid in detecting valuation issues."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Appraisal Services of Brandon, Inc ., we're trained in all forms of appraisal reviews, review processes and the responsibilities of review appraisers.

We realize what the most common defects are, especially in our real estate market. We also know what constitutes a quality appraisal. In the same sense, we are skilled enough to know that the competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly review appraisal reports performed by others. And those others may be examining our work, too!

In short, here at Appraisal Services of Brandon, Inc ., you can rely on our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Appraisal Services of Brandon, Inc . for more information regarding our qualifications, expertise and services offered.