Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers performing reviews ought to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." R & R Real Estate Solutions provides appraisal review services that are impartial, expert, professional and in accordance 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, call R & R Real Estate Solutions today. The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add routine reviews with post-funding assessments of appraisal quality for a number of their high-liability or high-value contracts as a method to aid in identifying valuation disputes." In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At R & R Real Estate Solutions, we're skilled in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers. We understand what amounts to a quality appraisal and what the greatest imperfections are, specifically in our home market. In the same sense, we're adequately trained to admit that our competitors in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to ethically valuate appraisal reports completed by others. And those others could be studying our work, too! In short, when you choose R & R Real Estate Solutions, you can have confidence in our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact R & R Real Estate Solutions to learn more about our qualifications, expertise and service offerings. |