Quality Appraisal Reviews with Greater Wisconsin Appraisal Management LLC
According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, expert, professional and square with the Federal Reserve's rules, just contact Greater Wisconsin Appraisal Management LLC.
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "should conclude whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. They "should also demonstrate whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment." The Federal Reserve also states that "some banks supplement typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or larger-value contracts as a control to aid in addressing valuation disputes."
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll develop 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 Greater Wisconsin Appraisal Management LLC, we are trained in all forms of appraisal reviews, review processes and the requirements of review appraisers.
Greater Wisconsin Appraisal Management LLC is aware of what the greatest weaknesses are, particularly in our real estate market. We also know what makes a quality appraisal. We're also skilled enough to know that our competitors 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 rely on Greater Wisconsin Appraisal Management LLC to ethically assess appraisal reports done by others. And those others may be examining our work, too!
At Greater Wisconsin Appraisal Management LLC, you can trust our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Greater Wisconsin Appraisal Management LLC for more information regarding our qualifications, expertise and service offerings.
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