Quality Appraisal Reviews with JWD APPRAISAL SERVICE, LLC.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's guidelines, look no further than JWD APPRAISAL SERVICE, LLC. If you have been turned down for a loan or believe an appraisal you paid for has not been completed correctly, contact us. We can review the appraisal and give you the advice and guidance you need to correct the situation.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "should decide whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is obtained guarantees independence and quality." In addition, they "should show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some banks supplement regular reviews with post-funding evaluations of appraisal quality for a few of their high-risk or larger-value contracts as a control to aid in detecting valuation dilemmas."
In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we will 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 JWD APPRAISAL SERVICE, LLC., we're qualified in every kind of appraisal review, review procedure and the responsibilities of review appraisers.
We know what the most common deficiencies are, specifically in our housing market. We also know what makes a quality appraisal. In the same sense, we are amply skilled to recognize that the competition in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to objectively look over appraisal reports completed by others. And those others might be studying our work, too!
In short, at JWD APPRAISAL SERVICE, LLC., you can trust our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact JWD APPRAISAL SERVICE, LLC. for more information about our qualifications, expertise and service offerings.