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Skilled Appraisal Reviews with Corpus Christi Appraisal Service, Inc.
According to a statement
by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that
appraisers fulfilling reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines."
At Corpus Christi Appraisal Service, Inc., we provide appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's regulations.
A review appraisal has to find out: whether the original appraisal or evaluation is applicable for the transaction, the risk inherit in the transaction, and whether the means by which the real estate valuation is accomplished ensures independence and quality.
Moreover, they should show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the capacity of the appraisal assignment.
The Fed states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll 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 Corpus Christi Appraisal Service, Inc., we're experienced in all forms of appraisal reviews, review processes and the responsibilities of review appraisers.
We realize what the most likely report defects are, especially in our home market, as well as what amounts to a quality appraisal.
The professionals at Corpus Christi Appraisal Service, Inc. are also trained enough to admit that the competition 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 Corpus Christi Appraisal Service, Inc. to fairly evaluate appraisal reports done by others. And those others might be evaluating our work, too!
When you choose Corpus Christi Appraisal Service, Inc., you can count on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients.
Contact Corpus Christi Appraisal Service, Inc. for more information regarding our qualifications, expertise and services offered.
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