Qualified Appraisal Reviews by Timeline Appraisal Services, LLC
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." At Timeline Appraisal Services, LLC, we provide appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call Timeline Appraisal Services, LLC today.
The Federal Reserve says appraisal reviews "must figure out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." They "must also indicate whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement periodic reviews with post-funding assessments of appraisal quality for a few of their higher-risk or greater-value affairs as a means to help in identifying valuation complications."
In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can prepare an appraisal review on any 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 are experienced in every type of appraisal review, review practice and the responsibilities of review appraisers.
We realize what the greatest imperfections are, particularly in our real estate market, as well as what represents a quality appraisal. We're also sufficiently experienced to admit that our competition in our market are qualified 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 fairly assess appraisal reports executed by others. And those others may be studying our work, too!
In short, here at Timeline Appraisal Services, LLC, you can be sure of our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings.