Qualified Appraisal Reviews with Alpine Valuation Services
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations, just contact Alpine Valuation Services.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "should conclude whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is obtained guarantees independence and quality," as stated by the Federal Reserve. They "must also denote whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement typical reviews with post-funding assessments of appraisal quality for a few of their higher-risk or greater-value transactions as a control to aid in uncovering valuation concerns."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Alpine Valuation Services, we're skilled in all kinds of appraisal reviews, review processes and the requirements of review appraisers.
We are aware of what represents a quality appraisal and what the most common deficiencies are, particularly in our real estate market. We're also sufficiently trained to respect that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Alpine Valuation Services to ethically look over appraisal reports performed by others. And those others might be evaluating our work, too!
You can depend on Alpine Valuation Services for our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Alpine Valuation Services to learn more about our qualifications, expertise and service offerings.