Appraisal Reviews by Binder and Associates (360) 573-8114
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers performing reviews should "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules, just contact Binder and Associates (360) 573-8114.
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
The Federal Reserve says appraisal reviews "should figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is accomplished guarantees independence and quality." They "should also announce whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions supplement regular reviews with post-funding assessments of appraisal quality for any of their higher-liability or greater-value affairs as a way to help in revealing valuation disputes."
In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll formulate 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 skilled in every form of appraisal review, review process and the responsibilities of review appraisers.
We understand what represents a quality appraisal and what the greatest inadequacies are, particularly in our home market. We're also adequately trained to know that the competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Binder and Associates (360) 573-8114 to justly assess appraisal reports executed by others. And those others might be evaluating our work, too!
In short, when you choose Binder and Associates (360) 573-8114, you can rely on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.