Qualified Appraisal Reviews with Timeline Appraisal Services, LLC
As said in an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews have to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Timeline Appraisal Services, LLC provides appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Timeline Appraisal Services, LLC today.
Appraisal reviews "ought to verify 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 accomplished ensures independence and quality," as stated by the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for any of their higher-risk or high-value dealings as a method to aid in discovering valuation disputes."
In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll formulate an appraisal review on any 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're qualified in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.
Timeline Appraisal Services, LLC understands what represents a quality appraisal and what the most prevalent defects are, specifically in our real estate market. In the same sense, we're amply skilled to know that our competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Timeline Appraisal Services, LLC to objectively assess appraisal reports performed by others. And those others could be studying our work, too!
In short, at Timeline Appraisal Services, LLC, you can trust our honest judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.