Experienced Appraisal Reviews by Columbus Appraisal Company, LLC
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews have to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At Columbus Appraisal Company, LLC, we provide appraisal review services that are objective, expert, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Columbus Appraisal Company, LLC today.
According to the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is acquired ensures independence and quality." They "should also show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also says that "some financial institutions reinforce typical reviews with post-funding evaluations of appraisal quality for a few of their high-risk or larger-value contracts as a means to help in revealing valuation problems."
In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will produce 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 Columbus Appraisal Company, LLC, we're experienced in every kind of appraisal review, review procedure and the responsibilities of review appraisers.
We understand what constitutes a quality appraisal and what the biggest imperfections are, especially in our real estate market. We're also amply experienced to realize that the competition in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Columbus Appraisal Company, LLC to lawfully assess appraisal reports executed by others. And those others might be evaluating our work, too!
For professional, objective, ethical appraisal review services and honest judgments, you can count on Columbus Appraisal Company, LLC. Contact Columbus Appraisal Company, LLC regarding our qualifications, expertise and service offerings.