Qualified Appraisal Reviews with Floyd Appraisal Works IncAccording to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Floyd Appraisal Works Inc, we provide appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's guidelines. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact us today. According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is acquired guarantees independence and quality." In addition, they "must announce whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also notes that "some banks reinforce routine reviews with post-funding surveys of appraisal quality for some of their higher-risk or larger-value dealings as a channel to assist in addressing valuation dilemmas." In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely 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 Floyd Appraisal Works Inc, we are skilled in all types of appraisal reviews, review processes and the requirements of review appraisers. We understand what the greatest imperfections are, specifically in our housing market. We also know what amounts to a quality appraisal. In the same sense, we're proficient enough to identify that our competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Floyd Appraisal Works Inc to lawfully evaluate appraisal reports performed by others. And those others could be reviewing our work, too! For professional, objective, ethical appraisal review services and neutral judgments, you can count on Floyd Appraisal Works Inc. Contact Floyd Appraisal Works Inc for more information regarding our qualifications, expertise and services offered. |