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Appraisal Reviews by Crest Appraisal Services

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Crest Appraisal Services, we provide appraisal review services that are impartial, expert, professional and square with the Federal Reserve's regulations.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today.

As stated by the Federal Reserve, appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality." In addition, they "must denote whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the capacity of the appraisal assignment." The Federal Reserve also notes that "some institutions augment periodic reviews with post-funding evaluations of appraisal quality for some of their high-liability or high-value affairs as a way to aid in identifying valuation complications."

In addition to conforming our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll 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 Crest Appraisal Services, we are experienced in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.

We are familiar with what the most common imperfections are, specifically in our real estate market, as well as what represents a quality appraisal. In the same sense, we are experienced enough to know that the competition in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Crest Appraisal Services to justly examine appraisal reports carried out by others. And those others may be evaluating our work, too!

You can count on Crest Appraisal Services for our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Crest Appraisal Services for more information regarding our qualifications, expertise and services offered.