Qualified Appraisal Reviews with AdvantEdge Valuation Services, LLC
As said in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation plans," and that appraisers doing reviews are obligated to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are objective, qualified, professional and square with the Federal Reserve's regulations, contact AdvantEdge Valuation Services, LLC.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact us today.
Appraisal reviews "have to determine whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. They "should also signify whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions add regular reviews with post-funding assessments of appraisal quality for any of their high-risk or large-value affairs as a control to help in identifying valuation issues."
In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can prepare 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 AdvantEdge Valuation Services, LLC, we're qualified in every form of appraisal review, review practice and the obligations of review appraisers.
We're aware of what the most frequent weaknesses are, especially in our housing market, as well as what constitutes a quality appraisal. In the same sense, the professionals at AdvantEdge Valuation Services, LLC are adequately skilled to know that the competitors in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to ethically valuate appraisal reports performed by others. And those others might be evaluating our work, too!
In short, at AdvantEdge Valuation Services, LLC, you can trust our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and services offered.