Experienced Appraisal Reviews with Greater Wisconsin Appraisal Management LLC

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Greater Wisconsin Appraisal Management LLC provides appraisal review services that are independent, expert, professional and in line with the Federal Reserve's rules.

If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Greater Wisconsin Appraisal Management LLC today.

According to the Federal Reserve, appraisal reviews "must find out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality." They "should also demonstrate whether the appraisal or evaluation report is true to the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve states that "some banks add regular reviews with post-funding surveys of appraisal quality for a number of their higher-risk or higher-value contracts as a method to help in uncovering valuation dilemmas."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll formulate 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 Greater Wisconsin Appraisal Management LLC, we're skilled in every type of appraisal review, review practice and the obligations of review appraisers.

Greater Wisconsin Appraisal Management LLC understands what the most frequent deficiencies are, especially in our real estate market. We also understand what amounts to a quality appraisal. Concurrently, we're sufficiently trained to respect that the competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to justly examine appraisal reports performed by others. And those others might be evaluating our work, too!

In short, at Greater Wisconsin Appraisal Management LLC, you can count on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings.

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