|
Qualified Appraisal Reviews by Linday's Appraisals LLCAs 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 producing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Linday's Appraisals LLC, we provide appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's regulations.A review appraisal should verify: whether the original appraisal or evaluation is relevant for the transaction, the liability inherit in the transaction, and whether the procedures by which the real estate valuation is acquired guarantees independence and quality. In addition, they must signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the capacity of the appraisal assignment. Lastly, the Federal Reserve goes on to say 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".
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. At Linday's Appraisals LLC, we're qualified in all types of appraisal reviews, review processes and the requirements of review appraisers.
In short, here at Linday's Appraisals LLC, you can trust our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Linday's Appraisals LLC for more information about our qualifications, expertise and service offerings. |
|||||||||
We're aware of what amounts to a quality appraisal and what the biggest inadequacies are, specifically in our local real estate market.
We're also skilled enough to distinguish that the competition in our market are skillful in doing good work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to fairly review appraisal reports carried out by others. And those others may be examining our work, too!