Appraisal Reviews by Timeline Appraisal Services, LLC
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 performing reviews ought to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules, just contact Timeline Appraisal Services, LLC.
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is collected guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report is true to the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or high-value contracts as a channel to assist in discovering valuation dilemmas."
In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will prepare 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're qualified in all kinds of appraisal reviews, review practices and the requirements of review appraisers.
Timeline Appraisal Services, LLC knows what constitutes a quality appraisal and what the most prevalent weaknesses are, especially in our home market. The professionals at Timeline Appraisal Services, LLC are also sufficiently experienced to know that the competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Timeline Appraisal Services, LLC to lawfully look over appraisal reports done by others. And those others could be studying our work, too!
You can depend on Timeline Appraisal Services, LLC for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.