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Appraisal Reviews with Sizemore Appraisal Services, LLCAs stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers undertaking reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Sizemore Appraisal Services, LLC provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's guidelines.A review appraisal should find out: whether the original appraisal or evaluation is applicable for the transaction, the risk inherit in the transaction, and whether the method by which the property valuation is attained ensures independence and quality. Moreover, they should demonstrate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the capacity of the appraisal assignment. Lastly, the Fed also states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will 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 Sizemore Appraisal Services, LLC, we are skilled in all types of appraisal reviews, review processes and the obligations of review appraisers.
In short, here at Sizemore Appraisal Services, LLC, you can trust our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Sizemore Appraisal Services, LLC for more information about our qualifications, expertise and services offered. |
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We realize what the typical report imperfections are, especially in our housing market, as well as what amounts to a quality appraisal.
The professionals at Sizemore Appraisal Services, LLC are also trained enough to respect that the competition in our market are capable of doing a good job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to ethically review appraisal reports carried out by others. And those others may be evaluating our work, too!