Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Empower Appraisal Services provides appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules. 
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Empower Appraisal Services today. Appraisal reviews "ought to determine whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. In addition, they "must signify whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement periodic reviews with post-funding surveys of appraisal quality for some of their higher-risk or greater-value dealings as a channel to help in uncovering valuation issues." In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will develop 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 Empower Appraisal Services, we're experienced in all kinds of appraisal reviews, review procedures and the requirements of review appraisers. Empower Appraisal Services is aware of what the most common inadequacies are, especially in our real estate market. We also understand what represents a quality appraisal. At the same time, we're proficient enough to distinguish that the competition in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly study appraisal reports executed by others. And those others may be evaluating our work, too! In short, here at Empower Appraisal Services, you can trust our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Empower Appraisal Services regarding our qualifications, expertise and service offerings. |