Timeline Appraisal Services, LLC Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules, look no further than Timeline Appraisal Services, LLC.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. In addition, they "should indicate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks reinforce typical reviews with post-funding surveys of appraisal quality for any of their high-liability or greater-value affairs as a means to aid in detecting valuation disputes."
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Timeline Appraisal Services, LLC, we are qualified in every type of appraisal review, review procedure and the responsibilities of review appraisers.
Timeline Appraisal Services, LLC realizes what amounts to a quality appraisal and what the greatest deficiencies are, especially in our housing market. We're also adequately trained to identify that the competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to fairly assess appraisal reports done by others. And those others could be evaluating our work, too!
You can rely on Timeline Appraisal Services, LLC for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Timeline Appraisal Services, LLC for more information regarding our qualifications, expertise and service offerings.