West Valley College Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews should "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." West Valley College provides appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations. 
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact us today. Appraisal reviews "should find out 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 obtained guarantees independence and quality," as stated by the Federal Reserve. In addition, they "should announce whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some banks reinforce regular reviews with post-funding surveys of appraisal quality for a few of their high-liability or high-value transactions as a means to aid in revealing valuation issues." In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At West Valley College, we're skilled in every type of appraisal review, review process and the responsibilities of review appraisers. West Valley College understands what the most frequent weaknesses are, particularly in our home market, as well as what makes a quality appraisal. Concurrently, we are amply skilled to admit that the competition in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to objectively examine appraisal reports executed by others. And those others may be studying our work, too! When you choose West Valley College, you can have confidence in our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered. |