Arkansas Appraisals Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers performing reviews should "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Arkansas Appraisals provides appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's guidelines. 
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today. Appraisal reviews "have to decide whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "should announce whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment regular reviews with post-funding surveys of appraisal quality for any of their high-risk or high-value affairs as a way to help in exposing valuation issues." In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll produce 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 Arkansas Appraisals, we are qualified in all kinds of appraisal reviews, review procedures and the requirements of review appraisers. We are familiar with what amounts to a quality appraisal and what the most common deficiencies are, particularly in our real estate market. The professionals at Arkansas Appraisals are also sufficiently skilled to admit that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to lawfully examine appraisal reports performed by others. And those others might be evaluating our work, too! You can count on Arkansas Appraisals for our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Arkansas Appraisals regarding our qualifications, expertise and service offerings. |