Quality Appraisal Reviews with Citi Appraisal Enterprise
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's rules, just contact Citi Appraisal Enterprise.
If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "ought to determine whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. In addition, they "should announce whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions supplement periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value dealings as a method to aid in identifying valuation complications."
In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll develop 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 Citi Appraisal Enterprise, we're skilled in every type of appraisal review, review process and the requirements of review appraisers.
We are aware of what the greatest inadequacies are, especially in our home market. We also know what amounts to a quality appraisal. In the same sense, we're experienced enough to know that our competitors in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to objectively look over appraisal reports executed by others. And those others may be reviewing our work, too!
At Citi Appraisal Enterprise, you can trust our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings.