Appraisal Reviews by Silverpilen Corp.
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews should "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Silverpilen Corp. provides appraisal review services that are impartial, expert, professional and square with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is accomplished guarantees independence and quality." They "should also signify whether the appraisal or evaluation report is even with the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also notes that "some financial institutions reinforce periodic reviews with post-funding assessments of appraisal quality for a number of their high-liability or larger-value affairs as a way to aid in addressing valuation complications."
In addition to conforming our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can 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. At Silverpilen Corp., we are skilled in all forms of appraisal reviews, review practices and the obligations of review appraisers.
Silverpilen Corp. realizes what represents a quality appraisal and what the most frequent defects are, especially in our home market. The professionals at Silverpilen Corp. are also adequately skilled to realize that our competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Silverpilen Corp. to ethically study appraisal reports executed by others. And those others might be evaluating our work, too!
For professional, impartial, ethical appraisal review services and honest judgments, you can rely on Silverpilen Corp.. Contact us regarding our qualifications, expertise and service offerings.
Home Status Report
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