Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's regulations, contact Luke Calamari Appraisal Services. 
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Luke Calamari Appraisal Services today. Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. They "must also show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce typical reviews with post-funding assessments of appraisal quality for some of their higher-risk or higher-value transactions as a way to aid in uncovering valuation complications." In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally 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. Here at Luke Calamari Appraisal Services, we're experienced in every type of appraisal review, review practice and the responsibilities of review appraisers. We understand what the most common deficiencies are, especially in our housing market. We also know what amounts to a quality appraisal. We're also experienced enough 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 count on us to ethically valuate appraisal reports carried out by others. And those others could be examining our work, too! You can depend on Luke Calamari Appraisal Services for our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Luke Calamari Appraisal Services to learn more about our qualifications, expertise and service offerings. |