Race Appraisal Services, LLC Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews must "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's guidelines, look no further than Race Appraisal Services, LLC. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call Race Appraisal Services, LLC today. Appraisal reviews "should find out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "must also signify whether the appraisal or evaluation report is consistent with the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions supplement periodic reviews with post-funding evaluations of appraisal quality for a few of their high-liability or large-value transactions as a channel to help in discovering valuation issues." In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Race Appraisal Services, LLC, we're skilled in all types of appraisal reviews, review procedures and the requirements of review appraisers. We are aware of what constitutes a quality appraisal and what the greatest defects are, specifically in our home market. The professionals at Race Appraisal Services, LLC are also experienced enough to identify that our competitors in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly look over appraisal reports executed by others. And those others may be examining our work, too! In short, here at Race Appraisal Services, LLC, you can trust our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Race Appraisal Services, LLC for more information regarding our qualifications, expertise and services offered. |
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