Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers performing reviews ought to "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." RK Hughes Appraisal LLC provides appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's guidelines. 
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call us today. According to the Federal Reserve, appraisal reviews "must decide 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." In addition, they "should denote whether the appraisal or evaluation report is true to the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also notes that "some banks augment routine reviews with post-funding assessments of appraisal quality for a number of their high-liability or larger-value contracts as a means to assist in revealing valuation disputes." In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will produce 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 RK Hughes Appraisal LLC, we're experienced in every type of appraisal review, review practice and the responsibilities of review appraisers. We are familiar with what amounts to a quality appraisal and what the biggest defects are, particularly in our real estate market. The professionals at RK Hughes Appraisal LLC are also sufficiently experienced to identify that the competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on RK Hughes Appraisal LLC to justly valuate appraisal reports executed by others. And those others could be evaluating our work, too! At RK Hughes Appraisal LLC, you can be sure of our neutral judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact RK Hughes Appraisal LLC for more information about our qualifications, expertise and services offered. |