Appraisal Reviews with Tim Norris & AssociatesAccording to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews have to "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Tim Norris & Associates, we provide appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations. 
If you're in the need of a real estate appraisal review or have questions about an appraisal, call Tim Norris & Associates today. Appraisal reviews "should verify whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the manners by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. They "must also show whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions reinforce periodic reviews with post-funding surveys of appraisal quality for any of their high-risk or larger-value transactions as a means to aid in identifying valuation problems." In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Tim Norris & Associates, we are skilled in every form of appraisal review, review procedure and the responsibilities of review appraisers. We understand what amounts to a quality appraisal and what the most prevalent defects are, specifically in our home market. In this regard, we're proficient enough to know that our competition in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Tim Norris & Associates to justly study appraisal reports performed by others. And those others may be studying our work, too! In short, when you choose Tim Norris & Associates, you can rely on our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Tim Norris & Associates for more information regarding our qualifications, expertise and services offered. |