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Complete Appraisal Reviews with Mid-Ohio Appraisal Services
According to an announcement
by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that
it's the obligation of appraisers performing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines."
Here at Mid-Ohio Appraisal Services, we provide appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations.
A review appraisal has to reveal: whether the original appraisal or evaluation is appropriate for the transaction, the risk inherit in the transaction, and whether the manners by which the real estate valuation is attained ensures independence and quality.
The review must also signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the scope of the appraisal assignment.
Lastly, 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".
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If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today. |
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In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can 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 Mid-Ohio Appraisal Services, we are qualified in every form of appraisal review, review procedure and the requirements of review appraisers.
Mid-Ohio Appraisal Services knows what the biggest reporting deficiencies are, particularly in our real estate market. We also understand what makes a quality appraisal.
In the same sense, we're sufficiently skilled to distinguish that our competition in our market are able to do quality work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Mid-Ohio Appraisal Services to objectively evaluate appraisal reports executed by others. And those others might be evaluating our work, too!
You can trust Mid-Ohio Appraisal Services for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients.
Contact Mid-Ohio Appraisal Services regarding our qualifications, expertise and service offerings.
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Today's Rates:
| 30-yr Fixed | 3.87% | 4% | | 15-yr Fixed | 3.14% | 3.31% | | 1-yr Adj | 2.76% | 3.42% |
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