Qualified Appraisal Reviews with Greater Wisconsin Appraisal Management LLC
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines, look no further than Greater Wisconsin Appraisal Management LLC.
If you need a real estate appraisal review or have questions about an appraisal, call Greater Wisconsin Appraisal Management LLC today.
According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is acquired ensures independence and quality." They "must also signify whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some institutions supplement routine reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or large-value affairs as a means to help in discovering valuation problems."
In addition to conforming 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'll prepare 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 every form of appraisal review, review process and the responsibilities of review appraisers.
Greater Wisconsin Appraisal Management LLC understands what the biggest imperfections are, specifically in our real estate market. We also know what amounts to a quality appraisal. We're also sufficiently experienced to distinguish that the competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically study appraisal reports executed by others. And those others may be reviewing our work, too!
You can rely on Greater Wisconsin Appraisal Management LLC for our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.
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