Qualified Appraisal Reviews with Bolton Appraisal ServicesAccording to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Bolton Appraisal Services, we provide appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules. If you have questions regarding an appraisal, or if you need a real estate appraisal review, call Bolton Appraisal Services today. Appraisal reviews "should figure out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. Moreover, they "should show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions supplement periodic reviews with post-funding evaluations of appraisal quality for any of their higher-risk or larger-value contracts as a method to aid in exposing valuation concerns." In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll produce 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 Bolton Appraisal Services, we're trained in every type of appraisal review, review procedure and the obligations of review appraisers. Bolton Appraisal Services understands what the greatest imperfections are, specifically in our home market, as well as what represents a quality appraisal. In the same regard, we are amply experienced to identify that our competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Bolton Appraisal Services to lawfully assess appraisal reports executed by others. And those others could be evaluating our work, too! In short, here at Bolton Appraisal Services, you can count on our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Bolton Appraisal Services to learn more about our qualifications, expertise and services offered. |