Appraisal Reviews with Tight & Right Real Estate Valuation

As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers doing reviews must "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Tight & Right Real Estate Valuation provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.

Appraisal reviews "ought to find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is accomplished guarantees independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report is compatible with the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment periodic reviews with post-funding assessments of appraisal quality for a few of their higher-risk or larger-value transactions as a means to assist in uncovering valuation dilemmas."

In addition to adjusting 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 can 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 Tight & Right Real Estate Valuation, we are qualified in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.

We know what constitutes a quality appraisal and what the most prevalent imperfections are, especially in our real estate market. Concurrently, we're amply trained to respect that our competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Tight & Right Real Estate Valuation to lawfully valuate appraisal reports done by others. And those others could be examining our work, too!

For professional, fair, ethical appraisal review services and truthful judgments, you can depend on Tight & Right Real Estate Valuation. Contact Tight & Right Real Estate Valuation for more information about our qualifications, expertise and services offered.

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