Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Harper & Strickland, Inc., we provide appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines. 
If you need a real estate appraisal review or have questions regarding an appraisal, contact us today. According to the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must indicate whether the appraisal or evaluation report is even with the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also states that "some institutions augment routine reviews with post-funding assessments of appraisal quality for some of their high-liability or larger-value dealings as a channel to aid in revealing valuation problems." In addition to tailoring our work to the practices and guidelines of our review customers, 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. At Harper & Strickland, Inc., we're experienced in all types of appraisal reviews, review processes and the responsibilities of review appraisers. We're aware of what represents a quality appraisal and what the most frequent inadequacies are, especially in our housing market. In the same regard, the professionals at Harper & Strickland, Inc. are adequately trained to realize that the competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Harper & Strickland, Inc. to ethically look over appraisal reports executed by others. And those others could be reviewing our work, too! In short, here at Harper & Strickland, Inc., you can be sure of our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Harper & Strickland, Inc. for more information regarding our qualifications, expertise and service offerings. |