Appraisal ReviewsAs said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews ought to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Saxton Appraisals, Inc., we provide appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's rules. 
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Saxton Appraisals, Inc. today. The Federal Reserve says appraisal reviews "must figure out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is obtained ensures independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions supplement periodic reviews with post-funding surveys of appraisal quality for some of their high-liability or large-value affairs as a channel to help in discovering valuation complications." In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can formulate 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 Saxton Appraisals, Inc., we are qualified in every kind of appraisal review, review process and the obligations of review appraisers. We're aware of what the most frequent weaknesses are, especially in our real estate market. We also know what amounts to a quality appraisal. The professionals at Saxton Appraisals, Inc. are also amply skilled to respect that the competitors in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Saxton Appraisals, Inc. to lawfully valuate appraisal reports done by others. And those others may be evaluating our work, too! Here at Saxton Appraisals, Inc., you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered. |