Experienced Appraisal Reviews by Bullseye Valuation Group
According to a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews must "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's guidelines, look no further than Bullseye Valuation Group.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact Bullseye Valuation Group today.
Appraisal reviews "ought to decide whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some banks add periodic reviews with post-funding assessments of appraisal quality for any of their high-risk or large-value transactions as a channel to aid in discovering valuation complications."
In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally 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. Here at Bullseye Valuation Group, we're trained in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.
We know what makes a quality appraisal and what the biggest imperfections are, specifically in our real estate market. In the same regard, we're experienced enough to distinguish that the competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to justly look over appraisal reports carried out by others. And those others might be reviewing our work, too!
When you choose Bullseye Valuation Group, you can be sure of our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Bullseye Valuation Group for more information regarding our qualifications, expertise and services offered.