Tight & Right Real Estate Valuation Appraisal Reviews

According to a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews must "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Tight & Right Real Estate Valuation provides appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's regulations.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Tight & Right Real Estate Valuation today.

As stated by the Federal Reserve, appraisal reviews "have to conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is attained guarantees independence and quality." They "must also demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for a few of their higher-risk or higher-value transactions as a channel to assist in identifying valuation dilemmas."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll develop 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 Tight & Right Real Estate Valuation, we're experienced in every type of appraisal review, review process and the responsibilities of review appraisers.

Tight & Right Real Estate Valuation understands what makes a quality appraisal and what the most prevalent inadequacies are, especially in our housing market. Concurrently, we're adequately skilled to recognize that our competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to lawfully assess appraisal reports performed by others. And those others may be evaluating our work, too!

For professional, impartial, ethical appraisal review services and honest judgments, you can rely on Tight & Right Real Estate Valuation. Contact Tight & Right Real Estate Valuation to learn more about our qualifications, expertise and service offerings.

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