Appraisal Reviews with Northern Arizona Appraisal, Inc.

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at Northern Arizona Appraisal, Inc., we provide appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's regulations.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today.

The Federal Reserve says appraisal reviews "should find out whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some banks augment regular reviews with post-funding evaluations of appraisal quality for some of their high-risk or large-value affairs as a method to aid in addressing valuation problems."

In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are normally 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. At Northern Arizona Appraisal, Inc., we are qualified in all kinds of appraisal reviews, review practices and the obligations of review appraisers.

We're aware of what the most prevalent imperfections are, specifically in our housing market, as well as what amounts to a quality appraisal. In the same regard, we're trained enough to realize that our competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Northern Arizona Appraisal, Inc. to fairly assess appraisal reports executed by others. And those others may be studying our work, too!

For professional, unbiased, ethical appraisal review services and truthful judgments, you can count on Northern Arizona Appraisal, Inc.. Contact Northern Arizona Appraisal, Inc. regarding our qualifications, expertise and services offered.