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For appraisal review services in Escambia, contact Field Appraisals

Savvy Appraisal Reviews by Field Appraisals

As said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers engaged in reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Field Appraisals, we provide appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's guidelines.

A review appraisal should verify: whether the original appraisal or evaluation is well-suited for the transaction, the risk inherit in the transaction, and whether the method by which the real estate valuation is obtained ensures independence and quality. The review must also announce whether the appraisal or evaluation report is in line with the letter of engagement, which describes the depth of the appraisal assignment. The Federal Reserve goes on to say 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".

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

In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally 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.  At Field Appraisals, we're trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers.  

For appraisal review services in Escambia, contact Field Appraisals We are familiar with what represents a quality appraisal and what the biggest imperfections are, specifically in our local real estate market.  At the same time, we are skilled enough to respect that our competition in our market are able to do good work.  The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to objectively assess appraisal reports completed by others. And those others could be reviewing our work, too!  

In short, here at Field Appraisals, you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Field Appraisals for more information about our qualifications, expertise and service offerings.