Experienced Appraisal Reviews with Vestal Appraisal Solution
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews must "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations, just contact Vestal Appraisal Solution.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today.
As stated by the Federal Reserve, appraisal reviews "should decide whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is acquired guarantees independence and quality." In addition, they "must indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also notes that "some banks add typical reviews with post-funding surveys of appraisal quality for some of their high-liability or high-value transactions as a channel to aid in exposing valuation disputes."
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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. Here at Vestal Appraisal Solution, we're skilled in all types of appraisal reviews, review procedures and the requirements of review appraisers.
We realize what constitutes a quality appraisal and what the biggest imperfections are, especially in our home market. The professionals at Vestal Appraisal Solution are also amply experienced to realize that our competitors in our market are able to do a good job. 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 valuate appraisal reports executed by others. And those others might be reviewing our work, too!
You can count on Vestal Appraisal Solution for our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Vestal Appraisal Solution regarding our qualifications, expertise and services offered.