Ferrara Appraisals Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews are obligated to "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Ferrara Appraisals, we provide appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's guidelines. 
If you have questions about an appraisal, or if you need a real estate appraisal review, call Ferrara Appraisals today. According to the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality." They "must also announce whether the appraisal or evaluation report is true to the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve says that "some banks augment periodic reviews with post-funding assessments of appraisal quality for any of their high-risk or greater-value affairs as a method to assist in discovering valuation dilemmas." In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will formulate 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 Ferrara Appraisals, we are skilled in every kind of appraisal review, review procedure and the obligations of review appraisers. We're aware of what the most frequent weaknesses are, particularly in our housing market. We also understand what makes a quality appraisal. At the same time, we are adequately trained to identify that the competitors in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to justly examine appraisal reports executed by others. And those others could be studying our work, too! In short, here at Ferrara Appraisals, you can trust our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Ferrara Appraisals regarding our qualifications, expertise and services offered. |