Sloan Real Estate Solutions Appraisal Reviews
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Sloan Real Estate Solutions provides appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's rules.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact Sloan Real Estate Solutions today.
As stated by the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks augment periodic reviews with post-funding surveys of appraisal quality for some of their higher-liability or large-value affairs as a control to assist in discovering valuation issues."
In addition to tailoring 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'll 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. At Sloan Real Estate Solutions, we're skilled in all kinds of appraisal reviews, review processes and the obligations of review appraisers.
Sloan Real Estate Solutions realizes what the most frequent imperfections are, specifically in our housing market, as well as what amounts to a quality appraisal. We're also experienced enough to identify that our competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to justly review appraisal reports executed by others. And those others may be studying our work, too!
In short, at Sloan Real Estate Solutions, you can trust our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.