Qualified Appraisal Reviews by Timeline Appraisal Services, LLC
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Timeline Appraisal Services, LLC, we provide appraisal review services that are independent, expert, professional and in line with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
The Federal Reserve says appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality." In addition, they "should show whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for some of their higher-liability or greater-value dealings as a method to aid in addressing valuation dilemmas."
In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll develop 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 trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers.
Timeline Appraisal Services, LLC understands what constitutes a quality appraisal and what the most prevalent weaknesses are, particularly in our home market. In the same regard, the professionals at Timeline Appraisal Services, LLC are sufficiently trained to distinguish that our competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to fairly look over appraisal reports performed by others. And those others may be studying our work, too!
In short, at Timeline Appraisal Services, LLC, you can rely on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Timeline Appraisal Services, LLC regarding our qualifications, expertise and service offerings.