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Qualified Appraisal Reviews with Canter Fields Real Estate, LLCAccording 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 duty of appraisers undertaking reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Canter Fields Real Estate, LLC provides appraisal review services that are impartial, expert, professional and square with the Federal Reserve's guidelines.A review appraisal should ascertain: whether the original appraisal or evaluation is fitting for the transaction, the liability inherit in the transaction, and whether the process by which the real estate valuation is obtained ensures independence and quality. Moreover, they should signify whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the scope of the appraisal assignment. Lastly, the Fed 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 adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can produce 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 Canter Fields Real Estate, LLC, we are skilled in all kinds of appraisal reviews, review practices and the obligations of review appraisers.
Here at Canter Fields Real Estate, LLC, you can trust our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings. |
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We are aware of what the greatest reporting defects are, especially in our real estate market. We also understand what amounts to a quality appraisal. The professionals at Canter Fields Real Estate, LLC are also trained enough to recognize that the competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly look over appraisal reports carried out by others. And those others might be reviewing our work, too!