Appraisal Reviews with Irvine Appraising Company

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules, look no further than Irvine Appraising Company.

If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Irvine Appraising Company today.

Appraisal reviews "have to decide whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must announce whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce periodic reviews with post-funding surveys of appraisal quality for any of their high-liability or high-value dealings as a way to assist in detecting valuation problems."

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll 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 Irvine Appraising Company, we are experienced in every form of appraisal review, review process and the obligations of review appraisers.

Irvine Appraising Company knows what the greatest deficiencies are, especially in our home market. We also know what represents a quality appraisal. In the same sense, we're professional enough to realize that the competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to justly look over appraisal reports performed by others. And those others may be evaluating our work, too!

For professional, unbiased, ethical appraisal review services and truthful judgments, you can depend on Irvine Appraising Company. Contact Irvine Appraising Company to learn more about our qualifications, expertise and service offerings.