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Quality Appraisal Reviews by Becky Walker Certified AppraiserAs 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 doing reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Becky Walker Certified Appraiser provides appraisal review services that are objective, qualified, professional and square with the Federal Reserve's rules.The purpose of appraisal reviews are to reveal: whether the original appraisal or evaluation is applicable for the transaction, the risk inherit in the transaction, and whether the practices by which the collateral valuation is acquired ensures independence and quality. In addition, they must indicate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the outlook of the appraisal assignment. The Federal Reserve states 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 conforming 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 develop 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 Becky Walker Certified Appraiser, we're skilled in every type of appraisal review, review procedure and the responsibilities of review appraisers.
For professional, impartial, ethical appraisal review services and independent judgments, you can rely on Becky Walker Certified Appraiser. Contact Becky Walker Certified Appraiser for more information about our qualifications, expertise and services offered. |
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We understand what constitutes a quality appraisal and what the most frequent errors are, specifically when it comes to our local housing market.
At the same time, we're professional enough to know that the competitors in our market are able to do a fine job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Becky Walker Certified Appraiser to lawfully study appraisal reports completed by others. And those others could be studying our work, too!