Qualified Appraisal Reviews by Tight & Right Real Estate ValuationAccording to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers completing reviews should "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 unbiased, expert, professional and in line with the Federal Reserve's rules. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today. Appraisal reviews "have to determine whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. They "must also indicate whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the outlook of the appraisal assignment." The Federal Reserve also states that "some financial institutions augment regular reviews with post-funding evaluations of appraisal quality for some of their high-liability or large-value contracts as a control to assist in discovering valuation problems." In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Tight & Right Real Estate Valuation, we are qualified in all forms of appraisal reviews, review processes and the responsibilities of review appraisers. Tight & Right Real Estate Valuation is aware of what amounts to a quality appraisal and what the most common defects are, especially in our real estate market. We're also skilled enough to recognize that our competition in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly look over appraisal reports performed by others. And those others could be reviewing our work, too! For professional, fair, ethical appraisal review services and neutral judgments, you can depend on Tight & Right Real Estate Valuation. Contact us for more information about our qualifications, expertise and services offered. |
Got a Question?
Do you have a question relating to real estate appraisals? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.