Experienced Appraisal Reviews with O'Brien Appraisal Group
According to 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 are obligated to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." O'Brien Appraisal Group provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact O'Brien Appraisal Group today.
The Federal Reserve says appraisal reviews "must figure out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is attained ensures independence and quality." They "must also announce whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add typical reviews with post-funding evaluations of appraisal quality for any of their high-liability or greater-value contracts as a control to aid in uncovering valuation complications."
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can prepare 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 O'Brien Appraisal Group, we're qualified in every form of appraisal review, review practice and the requirements of review appraisers.
We understand what amounts to a quality appraisal and what the biggest imperfections are, specifically in our home market. In the same regard, the professionals at O'Brien Appraisal Group are amply experienced to distinguish that the competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully valuate appraisal reports carried out by others. And those others may be studying our work, too!
You can rely on O'Brien Appraisal Group for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.