Crawford Romans Appraisal Services Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews ought to "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Crawford Romans Appraisal Services provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines. 
If you have questions about an appraisal, or if you need a real estate appraisal review, contact Crawford Romans Appraisal Services today. Appraisal reviews "have to decide whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. In addition, they "must indicate whether the appraisal or evaluation report matches the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement periodic reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or high-value affairs as a channel to help in identifying 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 generally used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Crawford Romans Appraisal Services, we're skilled in all types of appraisal reviews, review procedures and the requirements of review appraisers. We are aware of what represents a quality appraisal and what the most prevalent imperfections are, particularly in our housing market. The professionals at Crawford Romans Appraisal Services are also adequately trained to admit that our competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully evaluate appraisal reports completed by others. And those others may be evaluating our work, too! You can depend on Crawford Romans Appraisal Services for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact Crawford Romans Appraisal Services for more information about our qualifications, expertise and services offered. |