The Nunn Company Residential Appraisals LLC Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." The Nunn Company Residential Appraisals LLC provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions about an appraisal, call The Nunn Company Residential Appraisals LLC today.
The Federal Reserve says appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is attained ensures independence and quality." They "must also demonstrate whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment." The Federal Reserve also notes that "some financial institutions augment periodic reviews with post-funding surveys of appraisal quality for a few of their higher-liability or high-value transactions as a channel to help in addressing valuation disputes."
In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At The Nunn Company Residential Appraisals LLC, we're skilled in all types of appraisal reviews, review procedures and the obligations of review appraisers.
The Nunn Company Residential Appraisals LLC knows what the biggest inadequacies are, especially in our real estate market. We also understand what amounts to a quality appraisal. Concurrently, we're professional enough to distinguish that the competition in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to lawfully examine appraisal reports carried out by others. And those others may be studying our work, too!
At The Nunn Company Residential Appraisals LLC, you can have confidence in our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.