Expert Appraisal Reviews with Launer & Associates
According to a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews should "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Launer & Associates provides appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.
Appraisal reviews "have to figure out whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "should also signify whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also says that "some institutions add regular reviews with post-funding surveys of appraisal quality for any of their higher-risk or large-value dealings as a way to assist in revealing valuation concerns."
In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Launer & Associates, we're experienced in every type of appraisal review, review practice and the responsibilities of review appraisers.
Launer & Associates understands what the most prevalent deficiencies are, especially in our housing market, as well as what makes a quality appraisal. Concurrently, we are sufficiently experienced to know that the competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Launer & Associates to objectively examine appraisal reports carried out by others. And those others might be examining our work, too!
In short, here at Launer & Associates, you can trust our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Launer & Associates regarding our qualifications, expertise and service offerings.