Appraisal Reviews by Collier Residential Appraisal, Inc.As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews have to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Collier Residential Appraisal, Inc. provides appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's regulations. 
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Collier Residential Appraisal, Inc. today. The Federal Reserve says appraisal reviews "must determine whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is accomplished guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is compatible with the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement routine reviews with post-funding assessments of appraisal quality for a few of their high-risk or high-value dealings as a means to assist in detecting valuation issues." In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will 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 Collier Residential Appraisal, Inc., we're qualified in all kinds of appraisal reviews, review practices and the requirements of review appraisers. Collier Residential Appraisal, Inc. is aware of what constitutes a quality appraisal and what the biggest defects are, specifically in our home market. We're also experienced enough to identify that the competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Collier Residential Appraisal, Inc. to lawfully review appraisal reports performed by others. And those others may be evaluating our work, too! You can count on Collier Residential Appraisal, Inc. for our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings. |