Qualified Appraisal Reviews with RWA AppraisalsAs stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at RWA Appraisals, we provide appraisal review services that are impartial, 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, contact us today. Appraisal reviews "should conclude whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is acquired ensures independence and quality," the Federal Reserve says. In addition, they "must show whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some banks augment regular reviews with post-funding assessments of appraisal quality for a few of their high-liability or higher-value transactions as a way to aid in identifying valuation dilemmas." In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly 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 RWA Appraisals, we are qualified in all kinds of appraisal reviews, review practices and the obligations of review appraisers. We understand what makes a quality appraisal and what the most frequent imperfections are, particularly in our home market. In this regard, we are sufficiently skilled to distinguish that our competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to objectively study appraisal reports performed by others. And those others could be studying our work, too! In short, at RWA Appraisals, you can rely on our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact RWA Appraisals for more information about our qualifications, expertise and service offerings. |