Appraisal Reviews with Ryan Realty Services Ltd.
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews must "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's regulations, look no further than Ryan Realty Services Ltd..
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. They "should also announce whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve says that "some banks supplement periodic reviews with post-funding assessments of appraisal quality for any of their higher-risk or higher-value transactions as a means to assist in uncovering valuation complications."
In addition to tailoring 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 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. Here at Ryan Realty Services Ltd., we are qualified in every kind of appraisal review, review practice and the responsibilities of review appraisers.
We realize what the biggest weaknesses are, specifically in our real estate market. We also know what constitutes a quality appraisal. We're also adequately skilled to know that the competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Ryan Realty Services Ltd. to lawfully valuate appraisal reports done by others. And those others might be reviewing our work, too!
You can count on Ryan Realty Services Ltd. for our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Ryan Realty Services Ltd. to learn more about our qualifications, expertise and services offered.