Experienced Appraisal Reviews with Illingworth Appraisal ServicesAs stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers doing reviews have to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's regulations, contact Illingworth Appraisal Services. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Illingworth Appraisal Services today. Appraisal reviews "should determine whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions augment routine reviews with post-funding evaluations of appraisal quality for any of their higher-risk or larger-value contracts as a channel to assist in revealing valuation problems." In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically 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 Illingworth Appraisal Services, we are experienced in all kinds of appraisal reviews, review processes and the obligations of review appraisers. Illingworth Appraisal Services is aware of what constitutes a quality appraisal and what the most prevalent inadequacies are, particularly in our real estate market. Concurrently, we're proficient enough to realize that our competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically study appraisal reports completed by others. And those others could be studying our work, too! For professional, unbiased, ethical appraisal review services and truthful judgments, you can depend on Illingworth Appraisal Services. Contact Illingworth Appraisal Services for more information about our qualifications, expertise and services offered. |