Appraisal Reviews by Timeline Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews should "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Timeline Appraisal Services, LLC provides appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.
According to the Federal Reserve, appraisal reviews "have to verify whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality." They "should also signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment periodic reviews with post-funding assessments of appraisal quality for some of their higher-risk or large-value transactions as a method to assist in identifying valuation concerns."
In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally 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 experienced in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.
Timeline Appraisal Services, LLC knows what the biggest inadequacies are, specifically in our real estate market, as well as what makes a quality appraisal. The professionals at Timeline Appraisal Services, LLC are also amply experienced to identify that the competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to lawfully assess appraisal reports carried out by others. And those others could be evaluating our work, too!
In short, when you choose Timeline Appraisal Services, LLC, you can be sure of our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.