Appraisal Reviews by D&D Appraisals, LLC.
As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation plans," and that appraisers performing reviews must "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's rules, look no further than D&D Appraisals, LLC..
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact D&D Appraisals, LLC. today.
Appraisal reviews "must find out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. They "should also denote whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve says that "some banks add periodic reviews with post-funding assessments of appraisal quality for a number of their higher-risk or larger-value contracts as a control to aid in revealing valuation disputes."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can produce 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 D&D Appraisals, LLC., we are qualified in all types of appraisal reviews, review procedures and the requirements of review appraisers.
D&D Appraisals, LLC. is aware of what amounts to a quality appraisal and what the most common weaknesses are, especially in our housing market. In this regard, we're experienced enough to realize that the competitors in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly look over appraisal reports completed by others. And those others might be reviewing our work, too!
For professional, impartial, ethical appraisal review services and truthful judgments, you can count on D&D Appraisals, LLC.. Contact us for more information about our qualifications, expertise and service offerings.