Experienced Appraisal Reviews by Launer & Associates
As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers completing reviews are obligated to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are independent, expert, professional and in line with the Federal Reserve's regulations, look no further than Launer & Associates.
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Launer & Associates today.
Appraisal reviews "must verify whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. In addition, they "should show whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions supplement routine reviews with post-funding evaluations of appraisal quality for a number of their high-risk or large-value transactions as a method to assist in detecting valuation dilemmas."
In addition to conforming 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 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 Launer & Associates, we are trained in every type of appraisal review, review process and the obligations of review appraisers.
We're aware of what the greatest imperfections are, specifically in our housing market. We also know what amounts to a quality appraisal. In the same regard, we're amply skilled to know that the competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to lawfully review appraisal reports executed by others. And those others may be evaluating our work, too!
You can trust Launer & Associates for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered.