Appraisal Reviews by Rancho Vista AppraisalsAccording to an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are impartial, expert, professional and square with the Federal Reserve's regulations, look no further than Rancho Vista Appraisals. 
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call us today. As stated by the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is acquired guarantees independence and quality." In addition, they "must announce whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce typical reviews with post-funding surveys of appraisal quality for a few of their higher-risk or high-value affairs as a method to help in exposing 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 usually used for review services, and we can 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 Rancho Vista Appraisals, we are trained in every form of appraisal review, review process and the obligations of review appraisers. We understand what the most frequent imperfections are, particularly in our real estate market. We also understand what amounts to a quality appraisal. We're also trained enough to realize that the competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Rancho Vista Appraisals to fairly valuate appraisal reports executed by others. And those others might be examining our work, too! Here at Rancho Vista Appraisals, you can count on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Rancho Vista Appraisals for more information regarding our qualifications, expertise and services offered. |