Expert Appraisal Reviews with Timeline Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation programs," and that appraisers doing reviews should "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Timeline Appraisal Services, LLC provides appraisal review services that are impartial, efficient, professional and compliant 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.
Appraisal reviews "have to find out whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report is even with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for some of their higher-liability or high-value transactions as a method to aid in identifying valuation problems."
In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll 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 trained in all types of appraisal reviews, review procedures and the requirements of review appraisers.
We are familiar with what the most prevalent imperfections are, specifically in our housing market. We also know what makes a quality appraisal. In the same sense, we're professional enough to recognize that our competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Timeline Appraisal Services, LLC to justly valuate appraisal reports carried out by others. And those others could be reviewing our work, too!
When you choose Timeline Appraisal Services, LLC, you can rely on our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Timeline Appraisal Services, LLC for more information about our qualifications, expertise and service offerings.