Dawson Appraisal and Consulting Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and square with the Federal Reserve's rules, look no further than Dawson Appraisal and Consulting.
If you need a real estate appraisal review or have questions regarding an appraisal, call us today.
Appraisal reviews "must find out whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve states that "some banks augment typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or higher-value transactions as a control to help in uncovering valuation concerns."
In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually 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 Dawson Appraisal and Consulting, we are experienced in all types of appraisal reviews, review practices and the requirements of review appraisers.
We know what the most frequent weaknesses are, especially in our real estate market. We also know what amounts to a quality appraisal. At the same time, we're trained enough to identify that the competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Dawson Appraisal and Consulting to objectively review appraisal reports performed by others. And those others might be reviewing our work, too!
At Dawson Appraisal and Consulting, you can be sure of our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Dawson Appraisal and Consulting regarding our qualifications, expertise and services offered.