Appraisal Reviews by Dawson Appraisal Services, LLC
As said in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews have to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Dawson Appraisal Services, LLC, we provide appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Dawson Appraisal Services, LLC today.
Appraisal reviews "have to decide whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the method by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some banks reinforce periodic reviews with post-funding assessments of appraisal quality for some of their higher-risk or higher-value dealings as a way to assist in identifying valuation dilemmas."
In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely 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. At Dawson Appraisal Services, LLC, we are qualified in every form of appraisal review, review practice and the requirements of review appraisers.
Dawson Appraisal Services, LLC understands what the greatest imperfections are, particularly in our housing market, as well as what represents a quality appraisal. In the same sense, the professionals at Dawson Appraisal Services, LLC are amply trained to realize that our competition in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to justly review appraisal reports done by others. And those others could be examining our work, too!
You can rely on Dawson Appraisal Services, LLC for 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 service offerings.