Qualified Appraisal Reviews by Appraisal Quest Co. (805) 469-3088

According to a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews should "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines, just contact Appraisal Quest Co. (805) 469-3088.

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

Appraisal reviews "must figure out whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. Moreover, they "must show whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." The Federal Reserve also states that "some banks reinforce periodic reviews with post-funding assessments of appraisal quality for a number of their high-risk or high-value affairs as a control to help in exposing valuation disputes."

In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can 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. Here at Appraisal Quest Co. (805) 469-3088, we're qualified in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.

We realize what represents a quality appraisal and what the most frequent inadequacies are, specifically in our home market. At the same time, we are adequately experienced to know that our competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to fairly evaluate appraisal reports carried out by others. And those others could be evaluating our work, too!

In short, when you choose Appraisal Quest Co. (805) 469-3088, you can have confidence in our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings.