Timeline Appraisal Services, LLC Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's guidelines, contact Timeline Appraisal Services, LLC.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Timeline Appraisal Services, LLC today.
Appraisal reviews "should conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. Moreover, they "should signify whether the appraisal or evaluation report matches the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a number of their high-liability or large-value dealings as a means to aid in revealing valuation complications."
In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely 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. At Timeline Appraisal Services, LLC, we're qualified in every form of appraisal review, review procedure and the obligations of review appraisers.
We are aware of what the biggest defects are, especially in our home market. We also understand what makes a quality appraisal. The professionals at Timeline Appraisal Services, LLC are also trained enough to recognize that the competitors in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to justly look over appraisal reports carried out by others. And those others could be studying our work, too!
You can trust Timeline Appraisal Services, LLC for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Timeline Appraisal Services, LLC for more information about our qualifications, expertise and services offered.