Experienced Appraisal Reviews with NW Valuation Group, LLC.
According to an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews should "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." NW Valuation Group, LLC. provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "have to decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. Moreover, they "should denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement periodic reviews with post-funding evaluations of appraisal quality for a number of their high-risk or high-value dealings as a means to assist in discovering valuation problems."
In addition to tailoring our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At NW Valuation Group, LLC., we're experienced in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.
NW Valuation Group, LLC. is aware of what constitutes a quality appraisal and what the most frequent weaknesses are, specifically in our real estate market. Concurrently, we're adequately experienced to identify that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to lawfully evaluate appraisal reports done by others. And those others could be studying our work, too!
You can count on NW Valuation Group, LLC. for our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.