Appraisal ReviewsAs stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews ought to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Bailey Real Estate Advisors, LLC provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's rules. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call Bailey Real Estate Advisors, LLC today. As stated by the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is collected ensures independence and quality." In addition, they "must announce whether the appraisal or evaluation report is compatible with the engagement letter, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions augment typical reviews with post-funding assessments of appraisal quality for a few of their high-liability or high-value affairs as a control to assist in revealing valuation issues." In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll formulate 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 Bailey Real Estate Advisors, LLC, we are skilled in every kind of appraisal review, review procedure and the responsibilities of review appraisers. We are familiar with what amounts to a quality appraisal and what the most frequent defects are, particularly in our real estate market. The professionals at Bailey Real Estate Advisors, LLC are also experienced enough to acknowledge that the competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Bailey Real Estate Advisors, LLC to lawfully assess appraisal reports completed by others. And those others may be reviewing our work, too! In short, when you choose Bailey Real Estate Advisors, LLC, you can count on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Bailey Real Estate Advisors, LLC to learn more about our qualifications, expertise and service offerings. |