Experienced Appraisal Reviews by Taylor & Associates Appraisers, Inc.

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers completing reviews must "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Taylor & Associates Appraisers, Inc., we provide appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Taylor & Associates Appraisers, Inc. today.

The Federal Reserve says appraisal reviews "should conclude whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality." In addition, they "should demonstrate whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment routine reviews with post-funding surveys of appraisal quality for a few of their higher-liability or high-value affairs as a means to aid in addressing valuation disputes."

In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll prepare 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 Taylor & Associates Appraisers, Inc., we are trained in all forms of appraisal reviews, review procedures and the requirements of review appraisers.

We are aware of what the most prevalent weaknesses are, specifically in our home market, as well as what constitutes a quality appraisal. In the same sense, we are skilled enough to admit that the competitors in our market are able 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 Taylor & Associates Appraisers, Inc. to lawfully examine appraisal reports performed by others. And those others might be examining our work, too!

In short, at Taylor & Associates Appraisers, Inc., you can be sure of our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Taylor & Associates Appraisers, Inc. to learn more about our qualifications, expertise and service offerings.