Appraisal Reviews with Greater Wisconsin Appraisal Management LLC
As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." At Greater Wisconsin Appraisal Management LLC, we provide appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's rules.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is acquired ensures independence and quality," the Federal Reserve says. They "must also denote whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve states that "some banks augment periodic reviews with post-funding assessments of appraisal quality for some of their high-risk or large-value contracts as a means to aid in uncovering valuation problems."
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Greater Wisconsin Appraisal Management LLC, we're skilled in every form of appraisal review, review procedure and the obligations of review appraisers.
Greater Wisconsin Appraisal Management LLC understands what makes a quality appraisal and what the biggest imperfections are, specifically in our real estate market. The professionals at Greater Wisconsin Appraisal Management LLC are also sufficiently skilled to realize that the competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to objectively valuate appraisal reports carried out by others. And those others might be examining our work, too!
In short, when you choose Greater Wisconsin Appraisal Management LLC, you can trust our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.
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