Qualified Appraisal Reviews by Launer & Associates
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews must "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's guidelines, contact Launer & Associates.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call us today.
According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is even with the letter of engagement, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions supplement periodic reviews with post-funding surveys of appraisal quality for a few of their high-risk or larger-value affairs as a method to assist in uncovering valuation issues."
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Launer & Associates, we're qualified in all kinds of appraisal reviews, review processes and the requirements of review appraisers.
We realize what the greatest deficiencies are, specifically in our real estate market. We also know what constitutes a quality appraisal. We're also sufficiently skilled to distinguish that the competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Launer & Associates to objectively study appraisal reports carried out by others. And those others might be examining our work, too!
In short, when you choose Launer & Associates, you can trust our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.