Quality Appraisal Reviews by Timely Appraisal Services

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Timely Appraisal Services provides appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's rules.

If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact Timely Appraisal Services today.

Appraisal reviews "have to determine whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. They "must also signify whether the appraisal or evaluation report matches the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some banks augment routine reviews with post-funding evaluations of appraisal quality for some of their high-risk or larger-value dealings as a way to help in addressing valuation complications."

In addition to adapting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will 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 Timely Appraisal Services, we're qualified in every kind of appraisal review, review process and the responsibilities of review appraisers.

We know what the greatest imperfections are, particularly in our housing market, as well as what amounts to a quality appraisal. In the same regard, we are trained enough to recognize that our competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Timely Appraisal Services to objectively evaluate appraisal reports carried out by others. And those others might be reviewing our work, too!

In short, when you choose Timely Appraisal Services, you can be sure of our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and service offerings.