Expert Appraisal Reviews with Robert Ensminger Appraisers & Ensminger Auctioneers
According to an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews must "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations, contact Robert Ensminger Appraisers & Ensminger Auctioneers.
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact us today.
As stated by the Federal Reserve, appraisal reviews "should decide whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is attained guarantees independence and quality." They "must also denote whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions add regular reviews with post-funding surveys of appraisal quality for a few of their high-risk or large-value contracts as a channel to help in identifying valuation disputes."
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are primarily 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 Robert Ensminger Appraisers & Ensminger Auctioneers, we are qualified in every type of appraisal review, review practice and the requirements of review appraisers.
Robert Ensminger Appraisers & Ensminger Auctioneers knows what constitutes a quality appraisal and what the most prevalent defects are, particularly in our housing market. In this regard, we are proficient enough to know that our competition 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 rely on us to ethically review appraisal reports performed by others. And those others could be reviewing our work, too!
When you choose Robert Ensminger Appraisers & Ensminger Auctioneers, you can trust our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Robert Ensminger Appraisers & Ensminger Auctioneers regarding our qualifications, expertise and services offered.