Qualified Appraisal Reviews with Dawson Appraisal Inc.
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers completing reviews must "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Dawson Appraisal Inc. provides appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's rules.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Dawson Appraisal Inc. today.
As stated by the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is attained ensures independence and quality." They "should also indicate whether the appraisal or evaluation report matches the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for any of their high-liability or larger-value dealings as a method to assist in uncovering valuation dilemmas."
In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily 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 Dawson Appraisal Inc., we're trained in all forms of appraisal reviews, review processes and the obligations of review appraisers.
Dawson Appraisal Inc. knows what the greatest inadequacies are, particularly in our housing market. We also understand what constitutes a quality appraisal. We're also amply trained to distinguish that our competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to objectively look over appraisal reports done by others. And those others could be evaluating our work, too!
For professional, fair, ethical appraisal review services and neutral judgments, you can count on Dawson Appraisal Inc.. Contact us to learn more about our qualifications, expertise and service offerings.