Appraisal Reviews with Tight & Right Real Estate Valuation

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Tight & Right Real Estate Valuation provides appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.

Appraisal reviews "should determine whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some institutions add regular reviews with post-funding evaluations of appraisal quality for any of their higher-liability or high-value transactions as a channel to aid in detecting valuation issues."

In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll 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're experienced in all types of appraisal reviews, review practices and the obligations of review appraisers.

Tight & Right Real Estate Valuation realizes what makes a quality appraisal and what the most frequent imperfections are, particularly in our real estate market. In this regard, we're professional enough to acknowledge that the competition in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to objectively valuate appraisal reports carried out by others. And those others might be evaluating our work, too!

In short, when you choose Tight & Right Real Estate Valuation, you can have confidence in our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.

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