Appraisal Reviews by Timeline Appraisal Services, LLC
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers completing reviews ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's rules, just contact Timeline Appraisal Services, LLC.
If you need a real estate appraisal review or have questions in reference to an appraisal, call Timeline Appraisal Services, LLC today.
Appraisal reviews "have to figure out whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also says that "some institutions supplement routine reviews with post-funding assessments of appraisal quality for any of their higher-liability or large-value affairs as a control to assist in detecting valuation issues."
In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can 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. Here at Timeline Appraisal Services, LLC, we are trained in all types of appraisal reviews, review practices and the requirements of review appraisers.
Timeline Appraisal Services, LLC knows what represents a quality appraisal and what the greatest deficiencies are, specifically in our real estate market. In the same regard, the professionals at Timeline Appraisal Services, LLC are amply skilled to realize that our competitors 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 trust us to ethically evaluate appraisal reports done by others. And those others may be reviewing our work, too!
You can rely on Timeline Appraisal Services, LLC for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Timeline Appraisal Services, LLC for more information about our qualifications, expertise and service offerings.