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Qualified Appraisal Reviews by Columbus Appraisal Company, LLC

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's rules, look no further than Columbus Appraisal Company, LLC.

If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call us today.

Appraisal reviews "should figure out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must show whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." The Federal Reserve also states that "some institutions supplement periodic reviews with post-funding assessments of appraisal quality for any of their higher-risk or larger-value contracts as a way to help in revealing valuation disputes."

In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally 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. At Columbus Appraisal Company, LLC, we are trained in every kind of appraisal review, review procedure and the obligations of review appraisers.

We are aware of what the greatest imperfections are, specifically in our real estate market. We also understand what represents a quality appraisal. The professionals at Columbus Appraisal Company, LLC are also amply trained to admit that our competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Columbus Appraisal Company, LLC to fairly review appraisal reports executed by others. And those others may be evaluating our work, too!

For professional, fair, ethical appraisal review services and truthful judgments, you can count on Columbus Appraisal Company, LLC. Contact Columbus Appraisal Company, LLC for more information about our qualifications, expertise and service offerings.