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Skilled Appraisal Reviews with Gautreaux Appraisal Services, LLC.According to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the responsibility of appraisers performing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Gautreaux Appraisal Services, LLC. , we provide appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's rules.The purpose of appraisal reviews are to ascertain: whether the original appraisal or evaluation is pertinent for the transaction, the liability inherit in the transaction, and whether the methods by which the real estate valuation is rendered guarantees independence and quality. In addition, they should indicate whether the appraisal or evaluation report is in line with the engagement letter, which describes the outlook of the appraisal assignment. Lastly, the Fed also states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can 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 Gautreaux Appraisal Services, LLC. , we're skilled in all kinds of appraisal reviews, review practices and the requirements of review appraisers.
For professional, fair, ethical appraisal review services and truthful judgments, you can depend on Gautreaux Appraisal Services, LLC. . Contact us for more information about our qualifications, expertise and services offered. |
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Gautreaux Appraisal Services, LLC. knows what the most frequent reporting defects are, particularly in our real estate market. We also understand what amounts to a quality appraisal.
We're also skilled enough to respect that the competitors in our market are qualified to do good work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to lawfully look over appraisal reports carried out by others. And those others could be evaluating our work, too!