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Savvy Appraisal Reviews by Anne M. Dickinson AppraisalsAs said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers preparing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Anne M. Dickinson Appraisals, we provide appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's guidelines.A review appraisal should find out: whether the original appraisal or evaluation is pertinent for the transaction, the exposure inherit in the transaction, and whether the procedures by which the collateral valuation is accomplished guarantees independence and quality. The review should also indicate whether the appraisal or evaluation report matches the engagement letter, which sets forth the reach of the appraisal assignment. The Fed also goes on to say that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll prepare 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 Anne M. Dickinson Appraisals, we're experienced in all forms of appraisal reviews, review processes and the requirements of review appraisers.
For professional, objective, ethical appraisal review services and truthful judgments, you can depend on Anne M. Dickinson Appraisals. Contact us for more information regarding our qualifications, expertise and services offered. |
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We are familiar with what constitutes a quality appraisal and what the most common imperfections are, particularly for reports in our local real estate market.
The professionals at Anne M. Dickinson Appraisals are also amply skilled to distinguish that our competitors in our market are able to do a good job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to ethically valuate appraisal reports carried out by others. And those others could be studying our work, too!