Appraisal Reviews with Northstar Appraisal, Inc.As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Northstar Appraisal, Inc. provides appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines. 
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact us today. The Federal Reserve says appraisal reviews "must figure out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is obtained guarantees independence and quality." In addition, they "must signify whether the appraisal or evaluation report is true to the engagement letter, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add regular reviews with post-funding surveys of appraisal quality for a few of their higher-liability or greater-value contracts as a channel to assist in revealing valuation concerns." In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are mostly 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 Northstar Appraisal, Inc., we are trained in all forms of appraisal reviews, review processes and the requirements of review appraisers. We are familiar with what amounts to a quality appraisal and what the biggest deficiencies are, particularly in our housing market. The professionals at Northstar Appraisal, Inc. are also trained enough to admit that the competitors in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Northstar Appraisal, Inc. to fairly assess appraisal reports done by others. And those others might be examining our work, too! You can count on Northstar Appraisal, Inc. for our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Northstar Appraisal, Inc. to learn more about our qualifications, expertise and service offerings. |