Qualified Appraisal Reviews by Greater Houston Area Appraisals

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the ability and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations, just contact Greater Houston Area Appraisals.

If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.

As stated by the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must show whether the appraisal or evaluation report is consistent with the engagement letter, which describes the extent of the appraisal assignment." The Federal Reserve also states that "some institutions add periodic reviews with post-funding evaluations of appraisal quality for some of their high-risk or high-value contracts as a means to assist in addressing valuation complications."

In addition to adapting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Greater Houston Area Appraisals, we're experienced in all forms of appraisal reviews, review practices and the obligations of review appraisers.

We realize what the most common deficiencies are, specifically in our home market, as well as what makes a quality appraisal. In this regard, we're proficient enough to acknowledge that the competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly look over appraisal reports executed by others. And those others may be studying our work, too!

In short, here at Greater Houston Area Appraisals, you can have confidence in our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Greater Houston Area Appraisals to learn more about our qualifications, expertise and services offered.