Appraisal Reviews by Laub Appraisal Company
According to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, expert, professional and square with the Federal Reserve's guidelines, just contact Laub Appraisal Company.
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 "must figure out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. In addition, they "should demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some institutions augment regular reviews with post-funding evaluations of appraisal quality for some of their high-risk or high-value transactions as a method to help in uncovering valuation concerns."
In addition to coordinating 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 develop 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 Laub Appraisal Company, we're skilled in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.
Laub Appraisal Company is aware of what represents a quality appraisal and what the most common imperfections are, especially in our housing market. Concurrently, the professionals at Laub Appraisal Company are sufficiently experienced to acknowledge that our competition in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to lawfully review appraisal reports executed by others. And those others could be studying our work, too!
Here at Laub Appraisal Company, you can rely on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Laub Appraisal Company regarding our qualifications, expertise and service offerings.