For appraisal review services in Genesee, contact ALLIED REAL ESTATE APPRAISERS, INC.

Getting a second opinion on an appraisal

As said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers fulfilling reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." ALLIED REAL ESTATE APPRAISERS, INC. provides appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's regulations.

A review appraisal should ascertain: whether the original appraisal or evaluation is well-suited for the transaction, the exposure inherit in the transaction, and whether the methods by which the collateral valuation is rendered guarantees independence and quality. In addition, they must demonstrate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the capacity of the appraisal assignment. Lastly, the Federal Reserve also notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".


	If you need a real estate appraisal review or have questions about an appraisal, call ALLIED REAL ESTATE APPRAISERS, INC. today.

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at ALLIED REAL ESTATE APPRAISERS, INC., we're skilled in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.

For appraisal review services in Genesee, contact ALLIED REAL ESTATE APPRAISERS, INC. ALLIED REAL ESTATE APPRAISERS, INC. knows what the most frequent report defects are, specifically in our real estate market, as well as what amounts to a quality appraisal. The professionals at ALLIED REAL ESTATE APPRAISERS, INC. are also trained enough to admit that the competitors in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on ALLIED REAL ESTATE APPRAISERS, INC. to objectively assess appraisal reports carried out by others. And those others might be examining our work, too!

At ALLIED REAL ESTATE APPRAISERS, INC., you can have confidence in our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.