Expert Appraisal Reviews with Belmont Appraisal CorporationAccording to an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation plans," and that appraisers completing reviews ought to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At Belmont Appraisal Corporation, we provide appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's regulations. 
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today. According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." In addition, they "must demonstrate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some banks reinforce typical reviews with post-funding evaluations of appraisal quality for a number of their high-risk or larger-value dealings as a means to help in uncovering valuation problems." In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can 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 Belmont Appraisal Corporation, we are experienced in every form of appraisal review, review procedure and the requirements of review appraisers. We're aware of what represents a quality appraisal and what the most common deficiencies are, particularly in our real estate market. In the same regard, we're experienced enough to admit that our competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically evaluate appraisal reports performed by others. And those others could be studying our work, too! You can rely on Belmont Appraisal Corporation for our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Belmont Appraisal Corporation to learn more about our qualifications, expertise and services offered. |