Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's rules, just contact Golden Gate Appraisal. 
If you need a real estate appraisal review or have questions in reference to an appraisal, contact Golden Gate Appraisal today. As stated by the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality." In addition, they "must announce whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions supplement typical reviews with post-funding surveys of appraisal quality for some of their high-liability or higher-value contracts as a channel to aid in exposing valuation complications." In addition to adapting our work to the practices 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. Here at Golden Gate Appraisal, we are experienced in every kind of appraisal review, review process and the responsibilities of review appraisers. We are aware of what the greatest deficiencies are, particularly in our real estate market. We also know what makes a quality appraisal. The professionals at Golden Gate Appraisal are also skilled enough to admit that our competitors in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Golden Gate Appraisal to ethically look over appraisal reports executed by others. And those others may be evaluating our work, too! When you choose Golden Gate Appraisal, you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Golden Gate Appraisal regarding our qualifications, expertise and services offered. |