For appraisal review services in Los Angeles, contact Appraisal Care

Getting a second opinion on an appraisal

As stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the expectation of appraisers doing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Appraisal Care provides appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules.

A review appraisal should detect: whether the original appraisal or evaluation is fitting for the transaction, the liability inherit in the transaction, and whether the process by which the real estate valuation is obtained ensures independence and quality. Moreover, they should demonstrate whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment. Lastly, the Federal Reserve 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".


	If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.

In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we can develop 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 Appraisal Care, we're qualified in all types of appraisal reviews, review practices and the requirements of review appraisers.

For appraisal review services in Los Angeles, contact Appraisal Care We know what the most likely report weaknesses are, especially in our home market, as well as what constitutes a quality appraisal. Concurrently, we are adequately trained to acknowledge that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Appraisal Care to ethically study appraisal reports performed by others. And those others could be examining our work, too!

In short, when you choose Appraisal Care, you can count on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Appraisal Care for more information about our qualifications, expertise and services offered.