Quality Appraisal Reviews by Timeline Appraisal Services, LLC
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers fulfilling reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Timeline Appraisal Services, LLC, we provide appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions in reference to an appraisal, call Timeline Appraisal Services, LLC today.
Appraisal reviews "should find out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. In addition, they "should demonstrate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions reinforce routine reviews with post-funding assessments of appraisal quality for a few of their high-risk or higher-value contracts as a way to assist in addressing 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 typically used for review services, and we will prepare 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 Timeline Appraisal Services, LLC, we are experienced in every kind of appraisal review, review practice and the obligations of review appraisers.
We know what the most common deficiencies are, especially in our home market, as well as what amounts to a quality appraisal. We're also adequately trained to realize that our competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Timeline Appraisal Services, LLC to ethically assess appraisal reports completed by others. And those others could be studying our work, too!
In short, when you choose Timeline Appraisal Services, LLC, you can have confidence in our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.