Quality Appraisal Reviews by JW -Appraisal

According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers fulfilling reviews must "have the ability and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." JW -Appraisal provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's guidelines.

If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact JW -Appraisal today.

Appraisal reviews "must conclude whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report matches the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some banks supplement typical reviews with post-funding assessments of appraisal quality for a few of their high-liability or greater-value dealings as a channel to help in revealing valuation issues."

In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can produce 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 JW -Appraisal, we're skilled in all types of appraisal reviews, review practices and the responsibilities of review appraisers.

We know what the most common defects are, specifically in our home market, as well as what represents a quality appraisal. We're also experienced enough to know that our competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust JW -Appraisal to objectively study appraisal reports done by others. And those others might be reviewing our work, too!

You can trust JW -Appraisal for our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact JW -Appraisal for more information regarding our qualifications, expertise and service offerings.