Experienced Appraisal Reviews by www.infinite-estates.comAs said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the duty of appraisers producing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at www.infinite-estates.com, we provide appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's guidelines.
A review appraisal should detect: whether the original appraisal or evaluation is suitable for the transaction, the risk inherit in the transaction, and whether the procedures by which the collateral valuation is accomplished ensures independence and quality. Moreover, they must show whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the extent of the appraisal assignment. Lastly, the Federal Reserve states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will 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. At www.infinite-estates.com, we're qualified in all forms of appraisal reviews, review procedures and the obligations of review appraisers.
We are aware of what the most frequent reporting imperfections are, particularly in our housing market. We also know what makes a quality appraisal. At the same time, we are professional enough to know that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to justly review appraisal reports carried out by others. And those others could be evaluating our work, too!
You can trust www.infinite-estates.com for our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.