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Appraisal Reviews by Yuke & Associates Real Estate AppraislasAccording to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the call of appraisers preparing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Yuke & Associates Real Estate Appraislas, we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's guidelines.The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is relevant for the transaction, the exposure inherit in the transaction, and whether the methods by which the property valuation is attained ensures independence and quality. The review must also show whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the scope of the appraisal assignment. The Fed also states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are largely 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 Yuke & Associates Real Estate Appraislas, we're skilled in every form of appraisal review, review practice and the responsibilities of review appraisers.
In short, when you choose Yuke & Associates Real Estate Appraislas, you can trust our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and services offered. |
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We are familiar with what the most frequent reporting defects are, specifically in our housing market. We also understand what makes a quality appraisal.
The professionals at Yuke & Associates Real Estate Appraislas are also amply trained to admit that our competition in our market are able to do a fine job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Yuke & Associates Real Estate Appraislas to ethically assess appraisal reports done by others. And those others might be studying our work, too!