Appraisal Reviews by Absolute Contract & Valuation ServicesAccording to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers fulfilling reviews have to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Absolute Contract & Valuation Services, we provide appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's regulations. 
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today. As stated by the Federal Reserve, appraisal reviews "should decide whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must indicate whether the appraisal or evaluation report matches the letter of engagement, which describes the extent of the appraisal assignment." The Federal Reserve also states that "some institutions augment periodic reviews with post-funding assessments of appraisal quality for some of their higher-liability or larger-value dealings as a method to aid in uncovering valuation complications." In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can 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. Here at Absolute Contract & Valuation Services, we are qualified in every type of appraisal review, review procedure and the requirements of review appraisers. We are familiar with what the most common inadequacies are, particularly in our housing market. We also know what amounts to a quality appraisal. At the same time, we're experienced enough to admit that our competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Absolute Contract & Valuation Services to objectively look over appraisal reports completed by others. And those others may be examining our work, too! When you choose Absolute Contract & Valuation Services, you can trust our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings. |