Qualified Appraisal Reviews by Timeline Appraisal Services, LLC
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers performing reviews are obligated to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's regulations, look no further than Timeline Appraisal Services, LLC.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact Timeline Appraisal Services, LLC today.
The Federal Reserve says appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report is true to the letter of engagement, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions add routine reviews with post-funding assessments of appraisal quality for some of their high-liability or high-value dealings as a channel to help in uncovering valuation issues."
In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can formulate 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're experienced in every form of appraisal review, review practice and the requirements of review appraisers.
We know what amounts to a quality appraisal and what the greatest imperfections are, especially in our home market. The professionals at Timeline Appraisal Services, LLC are also amply trained to know that our competitors in our market are skillful in doing a good job. 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 lawfully review appraisal reports completed by others. And those others could be examining our work, too!
For professional, fair, ethical appraisal review services and truthful judgments, you can rely on Timeline Appraisal Services, LLC. Contact Timeline Appraisal Services, LLC to learn more about our qualifications, expertise and services offered.