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Alpine Appraisal Company Appraisal ReviewsAccording 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 call of appraisers undertaking reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Alpine Appraisal Company provides appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules.A review appraisal should reveal: whether the original appraisal or evaluation is suitable for the transaction, the liability inherit in the transaction, and whether the procedures by which the collateral valuation is accomplished ensures independence and quality. In addition, they must announce whether the appraisal or evaluation report matches the letter of engagement, which describes the range of the appraisal assignment. The Federal Reserve 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 adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will prepare 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 Alpine Appraisal Company, we're trained in every form of appraisal review, review process and the obligations of review appraisers.
For professional, impartial, ethical appraisal review services and neutral judgments, you can count on Alpine Appraisal Company. Contact us to learn more about our qualifications, expertise and services offered. |
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We realize what the most common report deficiencies are, specifically in our home market, as well as what represents a quality appraisal.
The professionals at Alpine Appraisal Company are also skilled enough to realize that the competitors in our market are qualified to do a good job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to objectively evaluate appraisal reports completed by others. And those others could be examining our work, too!