Quality Appraisal Reviews by Binder and Associates (360) 573-8114
According to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews must "have the proficiency and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Binder and Associates (360) 573-8114 provides appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's regulations.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "must decide whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also states that "some banks reinforce periodic reviews with post-funding assessments of appraisal quality for any of their high-liability or greater-value dealings as a channel to help in addressing valuation dilemmas."
In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Binder and Associates (360) 573-8114, we're experienced in every type of appraisal review, review practice and the responsibilities of review appraisers.
Binder and Associates (360) 573-8114 understands what the most common defects are, particularly in our home market, as well as what makes a quality appraisal. We're also skilled enough to distinguish that the competitors in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Binder and Associates (360) 573-8114 to objectively assess appraisal reports performed by others. And those others may be evaluating our work, too!
In short, at Binder and Associates (360) 573-8114, you can count on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Binder and Associates (360) 573-8114 regarding our qualifications, expertise and service offerings.