Expert Appraisal Reviews with Launer & Associates
As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews should "have the ability and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Launer & Associates provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
The Federal Reserve says appraisal reviews "have to determine whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "should signify whether the appraisal or evaluation report matches the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or large-value transactions as a control to help in discovering valuation dilemmas."
In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can 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. At Launer & Associates, we're skilled in every form of appraisal review, review process and the obligations of review appraisers.
We are aware of what the most common deficiencies are, specifically in our housing market, as well as what represents a quality appraisal. The professionals at Launer & Associates are also skilled enough to know that our competition in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to objectively valuate appraisal reports performed by others. And those others might be examining our work, too!
For professional, fair, ethical appraisal review services and truthful judgments, you can count on Launer & Associates. Contact us for more information regarding our qualifications, expertise and service offerings.