Qualified Appraisal Reviews by Robert Pasacrita Appraisals
As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews ought to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's rules, look no further than Robert Pasacrita Appraisals.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact Robert Pasacrita Appraisals today.
The Federal Reserve says appraisal reviews "have to determine whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve states that "some institutions augment regular reviews with post-funding evaluations of appraisal quality for a few of their high-risk or larger-value affairs as a means to help in uncovering valuation disputes."
In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll 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 Robert Pasacrita Appraisals, we are experienced in every kind of appraisal review, review procedure and the obligations of review appraisers.
We know what constitutes a quality appraisal and what the most common deficiencies are, particularly in our real estate market. We're also skilled enough to distinguish that our competitors in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Robert Pasacrita Appraisals to fairly look over appraisal reports carried out by others. And those others could be evaluating our work, too!
You can trust Robert Pasacrita Appraisals for our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Robert Pasacrita Appraisals to learn more about our qualifications, expertise and services offered.