Appraisal Reviews by RWA Appraisals

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation procedures," and that appraisers completing reviews ought to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's rules, just contact RWA Appraisals.

If you need a real estate appraisal review or have questions regarding an appraisal, contact RWA Appraisals today.

Appraisal reviews "ought to verify whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. In addition, they "must indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some banks reinforce regular reviews with post-funding evaluations of appraisal quality for a few of their high-risk or higher-value contracts as a control to help in exposing valuation dilemmas."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will develop 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 RWA Appraisals, we're skilled in all kinds of appraisal reviews, review procedures and the obligations of review appraisers.

RWA Appraisals understands what the most common inadequacies are, specifically in our housing market. We also understand what makes a quality appraisal. We're also experienced enough to identify that the competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to objectively review appraisal reports completed by others. And those others may be examining our work, too!

In short, when you choose RWA Appraisals, you can rely on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.