Quality Appraisal Reviews with Childress and AssociatesAs said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers performing reviews should "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, expert, professional and square with the Federal Reserve's rules, contact Childress and Associates. 
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today. Appraisal reviews "have to conclude whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. They "must also show whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve states that "some banks add typical reviews with post-funding assessments of appraisal quality for any of their high-risk or higher-value contracts as a method to help in uncovering valuation disputes." In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Childress and Associates, we are qualified in all kinds of appraisal reviews, review processes and the obligations of review appraisers. Childress and Associates knows what the most common defects are, specifically in our housing market, as well as what amounts to a quality appraisal. In the same sense, we're professional enough to realize that our competition in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Childress and Associates to justly valuate appraisal reports completed by others. And those others could be evaluating our work, too! In short, when you choose Childress and Associates, you can rely on our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Childress and Associates for more information about our qualifications, expertise and services offered. |