Quality Appraisal Reviews with Crest Appraisal ServicesAs said in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews have to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Crest Appraisal Services provides appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules. 
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Crest Appraisal Services today. Appraisal reviews "ought to figure out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is accomplished guarantees independence and quality," according to the Federal Reserve. They "must also demonstrate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some banks add routine reviews with post-funding evaluations of appraisal quality for a few of their high-liability or large-value dealings as a control to assist in discovering valuation issues." In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will produce 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 Crest Appraisal Services, we are skilled in every form of appraisal review, review practice and the obligations of review appraisers. Crest Appraisal Services is aware of what the most common defects are, especially in our real estate market. We also understand what constitutes a quality appraisal. The professionals at Crest Appraisal Services are also skilled enough to know that our competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Crest Appraisal Services to lawfully evaluate appraisal reports completed by others. And those others may be reviewing our work, too! In short, when you choose Crest Appraisal Services, you can have confidence in our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Crest Appraisal Services to learn more about our qualifications, expertise and service offerings. |