Howell Appraisal, Inc. Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Howell Appraisal, Inc. provides appraisal review services that are independent, efficient, professional and square with the Federal Reserve's rules. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Howell Appraisal, Inc. today. Appraisal reviews "have to figure out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must announce whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve states that "some banks augment routine reviews with post-funding assessments of appraisal quality for a few of their high-liability or larger-value transactions as a control to help in detecting valuation dilemmas." In addition to adapting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we can produce 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 Howell Appraisal, Inc., we're qualified in every kind of appraisal review, review process and the requirements of review appraisers. We know what the most common weaknesses are, particularly in our real estate market, as well as what makes a quality appraisal. In this regard, we're skilled enough to admit that the competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Howell Appraisal, Inc. to justly examine appraisal reports done by others. And those others may be studying our work, too! In short, when you choose Howell Appraisal, Inc., you can be sure of our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Howell Appraisal, Inc. to learn more about our qualifications, expertise and services offered. |