Appraisal ReviewsAs said in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation procedures," and that appraisers completing reviews have to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." South Shore Realty Advisors, Inc provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's regulations. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact South Shore Realty Advisors, Inc today. According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is acquired ensures independence and quality." They "should also demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add routine reviews with post-funding evaluations of appraisal quality for any of their high-liability or greater-value transactions as a control to help in addressing valuation complications." In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely 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. Here at South Shore Realty Advisors, Inc, we're experienced in all types of appraisal reviews, review procedures and the obligations of review appraisers. We know what the greatest imperfections are, particularly in our home market, as well as what represents a quality appraisal. In the same sense, the professionals at South Shore Realty Advisors, Inc are amply trained to identify that the competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust South Shore Realty Advisors, Inc to lawfully examine appraisal reports completed by others. And those others may be evaluating our work, too! For professional, fair, ethical appraisal review services and independent judgments, you can rely on South Shore Realty Advisors, Inc. Contact us regarding our qualifications, expertise and service offerings. |