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Expert Appraisal Reviews with Elite Appraisal Services

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Elite Appraisal Services, we provide appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's guidelines.

If you have questions regarding an appraisal, or if you need a real estate appraisal review, call Elite Appraisal Services today.

The Federal Reserve says appraisal reviews "must verify whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "should announce whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the outlook of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce routine reviews with post-funding evaluations of appraisal quality for some of their higher-liability or large-value transactions as a way to assist in detecting valuation disputes."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Elite Appraisal Services, we are experienced in all kinds of appraisal reviews, review practices and the obligations of review appraisers.

We realize what constitutes a quality appraisal and what the biggest deficiencies are, specifically in our housing market. We're also sufficiently skilled to distinguish that the competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to lawfully evaluate appraisal reports done by others. And those others might be studying our work, too!

In short, here at Elite Appraisal Services, you can trust our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.