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

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews have to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, qualified, professional and square with the Federal Reserve's rules, look no further than Appraisal Quest Co. (805) 469-3088.

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

The Federal Reserve says appraisal reviews "should decide whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality." They "must also signify whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the extent of the appraisal assignment." The Federal Reserve also notes that "some banks augment periodic reviews with post-funding surveys of appraisal quality for some of their high-risk or high-value transactions as a means to assist in detecting valuation concerns."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can 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. Here at Appraisal Quest Co. (805) 469-3088, we're skilled in every kind of appraisal review, review process and the obligations of review appraisers.

We are familiar with what the most frequent inadequacies are, specifically in our real estate market, as well as what amounts to a quality appraisal. In the same regard, we're amply skilled to admit that the competition in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Appraisal Quest Co. (805) 469-3088 to ethically examine appraisal reports carried out by others. And those others could be reviewing our work, too!

You can count on Appraisal Quest Co. (805) 469-3088 for our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings.