Qualified Appraisal Reviews by Appraise Colorado Inc

As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." At Appraise Colorado Inc, we provide appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations.

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

The Federal Reserve says appraisal reviews "must decide 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 collected guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for a few of their higher-liability or larger-value contracts as a means to assist in uncovering valuation dilemmas."

In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Appraise Colorado Inc, we are skilled in all forms of appraisal reviews, review procedures and the requirements of review appraisers.

Appraise Colorado Inc is aware of what represents a quality appraisal and what the most frequent weaknesses are, especially in our housing market. The professionals at Appraise Colorado Inc are also experienced enough to respect that the competitors in our market are qualified 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 ethically look over appraisal reports carried out by others. And those others might be examining our work, too!

In short, here at Appraise Colorado Inc, you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings.