Appraisal Reviews by Linda Bloom (203)625-9220As 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 it's the prudent for appraisers completing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Linda Bloom (203)625-9220 provides appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's rules.
A review appraisal has to detect: whether the original appraisal or evaluation is pertinent for the transaction, the risk inherit in the transaction, and whether the procedure by which the property valuation is rendered guarantees independence and quality. They should also demonstrate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the extent of the appraisal assignment. Lastly, the Federal Reserve 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 mostly 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 Linda Bloom (203)625-9220, we're skilled in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.
We realize what the most prevalent reporting deficiencies are, particularly in our real estate market. We also understand what constitutes a quality appraisal. In the same sense, the professionals at Linda Bloom (203)625-9220 are amply trained to identify that the competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Linda Bloom (203)625-9220 to justly evaluate appraisal reports executed by others. And those others could be evaluating our work, too!
You can depend on Linda Bloom (203)625-9220 for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Linda Bloom (203)625-9220 for more information about our qualifications, expertise and service offerings.