Appraisal Reviews by Greater Wisconsin Appraisal Management LLC
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Greater Wisconsin Appraisal Management LLC provides appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call Greater Wisconsin Appraisal Management LLC today.
The Federal Reserve says appraisal reviews "must find out whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is obtained ensures independence and quality." They "should also denote whether the appraisal or evaluation report matches the letter of engagement, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions supplement periodic reviews with post-funding assessments of appraisal quality for some of their high-risk or high-value affairs as a way to aid in identifying valuation issues."
In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we will 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're qualified in every kind of appraisal review, review procedure and the requirements of review appraisers.
Greater Wisconsin Appraisal Management LLC knows what the greatest imperfections are, specifically in our real estate market, as well as what makes a quality appraisal. The professionals at Greater Wisconsin Appraisal Management LLC are also amply trained to identify that our competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to fairly look over appraisal reports done by others. And those others could be evaluating our work, too!
At Greater Wisconsin Appraisal Management LLC, you can have confidence in our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.
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