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Appraisal Reviews with a la mode, inc.As stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers preparing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At a la mode, inc., we provide appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's regulations.A review appraisal has to find out: whether the original appraisal or evaluation is suitable for the transaction, the liability inherit in the transaction, and whether the procedures by which the real estate valuation is rendered ensures independence and quality. Moreover, they should denote whether the appraisal or evaluation report is true to the engagement letter, which sets forth the capacity of the appraisal assignment. Lastly, the Fed goes on to say 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 adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely 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. At a la mode, inc., we are skilled in every form of appraisal review, review procedure and the obligations of review appraisers.
In short, here at a la mode, inc., you can count on our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact a la mode, inc. regarding our qualifications, expertise and services offered. |
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We know what makes a quality appraisal and what the most prevalent inadequacies are, especially in our home market.
We're also skilled enough to distinguish that the competition in our market are skillful in doing a great job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to lawfully evaluate appraisal reports completed by others. And those others could be reviewing our work, too!