Appraisal Reviews by Keystone Appraisals and Consulting, LLC
According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Keystone Appraisals and Consulting, LLC provides both Commercial and Residential Appraisal Review Services that are unbiased, expert, professional and square with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Keystone Appraisals and Consulting, LLC today.
Appraisal reviews "must verify whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "should show whether the appraisal or evaluation report is consistent with the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions supplement typical reviews with post-funding evaluations of appraisal quality for a number of their high-liability or larger-value affairs as a channel to help in uncovering valuation complications."
In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll 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. At Keystone Appraisals and Consulting, LLC, we're trained in all forms of Commercial and Residential Aappraisal Reviews, Review Practices and the Requirements of review appraisers.
We're aware of what the biggest deficiencies are, particularly in our home market, as well as what amounts to a quality appraisal. The professionals at Keystone Appraisals and Consulting, LLC are also amply experienced to identify that the competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to justly valuate appraisal reports executed by others. And those others could be evaluating our work, too!
For professional, impartial, ethical Commercial and Residential Appraisal Review Services and Independent Judgments, you can count on Keystone Appraisals and Consulting, LLC. Contact us for more information about our qualifications, expertise and services offered.
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