Experienced Appraisal Reviews with Launer & Associates
As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Launer & Associates, we provide appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call us today.
Appraisal reviews "must decide whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions add regular reviews with post-funding assessments of appraisal quality for a number of their higher-liability or high-value dealings as a means to aid in addressing valuation disputes."
In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll produce 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 skilled in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.
We are aware of what the biggest inadequacies are, particularly in our real estate market, as well as what amounts to a quality appraisal. In the same regard, we are trained enough to respect that our competition in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically valuate appraisal reports completed by others. And those others may be reviewing our work, too!
At Launer & Associates, you can count on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Launer & Associates for more information regarding our qualifications, expertise and services offered.