Qualified Appraisal Reviews with Approved Appraisals of IndianaAccording to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews must "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Approved Appraisals of Indiana provides appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's regulations. 
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Approved Appraisals of Indiana today. Appraisal reviews "have to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. In addition, they "must show whether the appraisal or evaluation report is compatible with the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions reinforce periodic reviews with post-funding surveys of appraisal quality for a few of their high-liability or higher-value contracts as a way to aid in identifying valuation problems." In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we will 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. At Approved Appraisals of Indiana, we're skilled in every form of appraisal review, review procedure and the requirements of review appraisers. Approved Appraisals of Indiana knows what constitutes a quality appraisal and what the greatest imperfections are, especially in our real estate market. The professionals at Approved Appraisals of Indiana are also trained enough to recognize that our competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Approved Appraisals of Indiana to lawfully assess appraisal reports done by others. And those others might be evaluating our work, too! Here at Approved Appraisals of Indiana, you can count on our truthful 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. |