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Competent Appraisal Reviews by White Tiger Appraisals, Inc.According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers preparing reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." White Tiger Appraisals, Inc. provides appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules.A review appraisal should reveal: whether the original appraisal or evaluation is fitting for the transaction, the exposure inherit in the transaction, and whether the actions by which the property valuation is rendered guarantees independence and quality. They should also signify whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the extent of the appraisal assignment. The Fed also says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely 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. At White Tiger Appraisals, Inc., we are skilled in every form of appraisal review, review process and the responsibilities of review appraisers.
You can count on White Tiger Appraisals, Inc. for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered. |
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We're aware of what the biggest reporting imperfections are, particularly in our real estate market. We also understand what makes a quality appraisal.
In the same regard, we are skilled enough to acknowledge that our competitors in our market are skillful in doing quality work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on White Tiger Appraisals, Inc. to ethically valuate appraisal reports completed by others. And those others could be studying our work, too!