Appraisal ReviewsAs said in a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Appraisal Group of Western Colorado, we provide appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's regulations. 
If you need a real estate appraisal review or have questions about an appraisal, contact Appraisal Group of Western Colorado today. As stated by the Federal Reserve, appraisal reviews "must verify whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "should announce whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions augment typical reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or larger-value contracts as a way to help in discovering 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 can 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. At Appraisal Group of Western Colorado, we are trained in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers. We are aware of what amounts to a quality appraisal and what the biggest deficiencies are, particularly in our home market. At the same time, we're skilled enough to identify that our competition in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Appraisal Group of Western Colorado to justly look over appraisal reports completed by others. And those others might be evaluating our work, too! For professional, impartial, ethical appraisal review services and truthful judgments, you can count on Appraisal Group of Western Colorado. Contact Appraisal Group of Western Colorado to learn more about our qualifications, expertise and service offerings. |