Experienced Appraisal Reviews with Northern Arizona Appraisal, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers doing reviews ought to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's regulations, just contact Northern Arizona Appraisal, Inc..

If you need a real estate appraisal review or have questions regarding an appraisal, call us today.

The Federal Reserve says appraisal reviews "must find out whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is accomplished guarantees independence and quality." They "should also denote whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions add periodic reviews with post-funding assessments of appraisal quality for a number of their higher-risk or higher-value dealings as a method to assist in revealing valuation concerns."

In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll formulate 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 Northern Arizona Appraisal, Inc., we are skilled in all types of appraisal reviews, review practices and the responsibilities of review appraisers.

Northern Arizona Appraisal, Inc. knows what the biggest inadequacies are, especially in our real estate market, as well as what makes a quality appraisal. The professionals at Northern Arizona Appraisal, Inc. are also amply trained to admit that the competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Northern Arizona Appraisal, Inc. to ethically assess appraisal reports executed by others. And those others could be examining our work, too!

In short, here at Northern Arizona Appraisal, Inc., you can rely on our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.