Qualified Appraisal Reviews with Hall and AssociatesAccording to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers completing reviews are obligated to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's regulations, look no further than Hall and Associates. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Hall and Associates today. Appraisal reviews "ought to determine whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is accomplished ensures independence and quality," the Federal Reserve says. They "must also demonstrate whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment regular reviews with post-funding evaluations of appraisal quality for any of their high-risk or high-value dealings as a means to assist in revealing valuation concerns." In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically 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 Hall and Associates, we're experienced in every type of appraisal review, review practice and the requirements of review appraisers. Hall and Associates realizes what the most prevalent inadequacies are, particularly in our home market. We also understand what amounts to a quality appraisal. In this regard, we're skilled enough to acknowledge that the competitors in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to objectively review appraisal reports completed by others. And those others might be evaluating our work, too! When you choose Hall and Associates, you can be sure of our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Hall and Associates for more information about our qualifications, expertise and services offered. |