Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews must "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Comp One Appraisal Services provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations. 
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today. As stated by the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is collected ensures independence and quality." In addition, they "must signify whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions reinforce typical reviews with post-funding surveys of appraisal quality for a few of their higher-liability or larger-value dealings as a control to aid in revealing valuation disputes." In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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 Comp One Appraisal Services, we are qualified in every form of appraisal review, review procedure and the requirements of review appraisers. Comp One Appraisal Services knows what the biggest inadequacies are, specifically in our housing market, as well as what makes a quality appraisal. The professionals at Comp One Appraisal Services are also skilled enough to admit that the competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly examine appraisal reports executed by others. And those others could be examining our work, too! When you choose Comp One Appraisal Services, you can rely on our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Comp One Appraisal Services for more information regarding our qualifications, expertise and services offered. |