Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews should "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations, contact Timely Appraisal Services.

If you need a real estate appraisal review or have questions in reference to an appraisal, contact Timely Appraisal Services today.

Appraisal reviews "ought to determine whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. Moreover, they "should announce whether the appraisal or evaluation report is true to the engagement letter, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions augment regular reviews with post-funding surveys of appraisal quality for some of their higher-liability or larger-value affairs as a method to aid in revealing valuation complications."

In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Timely Appraisal Services, we're experienced in all types of appraisal reviews, review procedures and the requirements of review appraisers.

We realize what constitutes a quality appraisal and what the most prevalent weaknesses are, specifically in our home market. The professionals at Timely Appraisal Services are also sufficiently trained to realize that the competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Timely Appraisal Services to lawfully valuate appraisal reports executed by others. And those others may be studying our work, too!

At Timely Appraisal Services, you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Timely Appraisal Services to learn more about our qualifications, expertise and service offerings.