Expert Appraisal Reviews with Dawson Appraisal Inc.
As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Dawson Appraisal Inc., we provide appraisal review services that are independent, expert, professional and in line with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions regarding an appraisal, call Dawson Appraisal Inc. today.
Appraisal reviews "have to conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "must also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for any of their high-liability or larger-value contracts as a control to help in addressing valuation issues."
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll prepare 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 Dawson Appraisal Inc., we are experienced in all types of appraisal reviews, review processes and the responsibilities of review appraisers.
Dawson Appraisal Inc. knows what amounts to a quality appraisal and what the greatest imperfections are, specifically in our housing market. In the same regard, the professionals at Dawson Appraisal Inc. are amply skilled to realize that our competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly look over appraisal reports executed by others. And those others could be studying our work, too!
In short, here at Dawson Appraisal Inc., you can have confidence in our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Dawson Appraisal Inc. for more information about our qualifications, expertise and services offered.