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Quality Appraisal Reviews by Alpine Appraisals, LLC.As said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers undertaking reviews should "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Alpine Appraisals, LLC., we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.A review appraisal should pursue: whether the original appraisal or evaluation is pertinent for the transaction, the liability inherit in the transaction, and whether the practices by which the real estate valuation is obtained ensures independence and quality. They should also announce whether the appraisal or evaluation report matches the engagement letter, which gives an account of the depth of the appraisal assignment. The Federal Reserve notes 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 clients, there are four Fannie Mae forms that are mostly used for review services, and we'll develop 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 Alpine Appraisals, LLC., we are skilled in every type of appraisal review, review process and the obligations of review appraisers.
In short, when you choose Alpine Appraisals, LLC., you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Alpine Appraisals, LLC. for more information about our qualifications, expertise and service offerings. |
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Alpine Appraisals, LLC. knows what constitutes a quality appraisal and what the most common defects are, especially for reports in our home market.
In the same sense, we're experienced enough to identify that the competition in our market are capable of good work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Alpine Appraisals, LLC. to lawfully assess appraisal reports performed by others. And those others may be studying our work, too!