Experienced Appraisal Reviews by Saxton Appraisals, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers doing reviews have to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's guidelines, contact Saxton Appraisals, Inc..
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must demonstrate whether the appraisal or evaluation report matches the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks add periodic reviews with post-funding evaluations of appraisal quality for some of their higher-risk or larger-value dealings as a control to assist in exposing valuation concerns."
In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Saxton Appraisals, Inc., we're qualified in every form of appraisal review, review practice and the requirements of review appraisers.
Saxton Appraisals, Inc. realizes what makes a quality appraisal and what the most frequent imperfections are, particularly in our home market. We're also adequately trained to know that our competition in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Saxton Appraisals, Inc. to lawfully review appraisal reports done by others. And those others could be examining our work, too!
You can trust Saxton Appraisals, Inc. for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.