Timeline Appraisal Services, LLC Appraisal Reviews
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers doing reviews are obligated to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Timeline Appraisal Services, LLC, we provide appraisal review services that are independent, expert, professional and square with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions about an appraisal, call Timeline Appraisal Services, LLC today.
As stated by the Federal Reserve, appraisal reviews "have to verify whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add typical reviews with post-funding surveys of appraisal quality for a number of their high-risk or high-value contracts as a means to assist in identifying valuation issues."
In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will produce 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 experienced in all types of appraisal reviews, review processes and the requirements of review appraisers.
Timeline Appraisal Services, LLC is aware of what constitutes a quality appraisal and what the greatest inadequacies are, particularly in our home market. The professionals at Timeline Appraisal Services, LLC are also adequately experienced to distinguish that our competitors in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Timeline Appraisal Services, LLC to objectively review appraisal reports done by others. And those others might be reviewing our work, too!
You can rely on Timeline Appraisal Services, LLC for our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Timeline Appraisal Services, LLC regarding our qualifications, expertise and service offerings.