Appraisal Reviews by Northern Arizona Appraisal, Inc.

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's rules, just contact Northern Arizona Appraisal, Inc..

If you need a real estate appraisal review or have questions about an appraisal, call us today.

According to the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is obtained ensures independence and quality." In addition, they "should denote whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve says that "some banks reinforce regular reviews with post-funding assessments of appraisal quality for a few of their high-risk or high-value transactions as a control to help in detecting valuation complications."

In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will formulate 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 Northern Arizona Appraisal, Inc., we are skilled in every kind of appraisal review, review procedure and the obligations of review appraisers.

Northern Arizona Appraisal, Inc. knows what amounts to a quality appraisal and what the most common weaknesses are, specifically in our housing market. We're also trained enough to acknowledge that our competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to fairly study appraisal reports completed by others. And those others may be reviewing our work, too!

At Northern Arizona Appraisal, Inc., you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.