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Skilled Appraisal Reviews by Vail Appraisal, LLCAs said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the prudent for appraisers engaged in reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Vail Appraisal, LLC provides appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's guidelines.The purpose of appraisal reviews are to determine: whether the original appraisal or evaluation is suitable for the transaction, the risk inherit in the transaction, and whether the manner by which the real estate valuation is accomplished guarantees independence and quality. They should also show whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the extent of the appraisal assignment. The Federal Reserve also goes on to say 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 forms and guidelines of our review customers, there are four Fannie Mae forms that are normally 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. Here at Vail Appraisal, LLC, we're qualified in all types of appraisal reviews, review processes and the obligations of review appraisers.
In short, here at Vail Appraisal, LLC, you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings. |
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We understand what the most prevalent reporting defects are, specifically in our housing market. We also understand what amounts to a quality appraisal.
Concurrently, we're experienced enough to respect that the competition in our market are able to do quality work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically valuate appraisal reports executed by others. And those others could be evaluating our work, too!