Appraisal Reviews by Tight & Right Real Estate Valuation

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers completing reviews should "have the ability and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Tight & Right Real Estate Valuation provides appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's guidelines.

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

According to the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality." They "must also indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or greater-value transactions as a means to help in uncovering valuation concerns."

In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will formulate an appraisal review on any 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 skilled in every type of appraisal review, review practice and the obligations of review appraisers.

Tight & Right Real Estate Valuation realizes what the most prevalent weaknesses are, especially in our real estate market. We also know what represents a quality appraisal. The professionals at Tight & Right Real Estate Valuation are also adequately experienced to distinguish that our competitors in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Tight & Right Real Estate Valuation to justly valuate appraisal reports carried out by others. And those others could be evaluating our work, too!

In short, here at Tight & Right Real Estate Valuation, you can count on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Tight & Right Real Estate Valuation for more information about our qualifications, expertise and services offered.

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