|
Titan Appraisals, LLC. Appraisal ReviewsAs 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 appraisers preparing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Titan Appraisals, LLC., we provide appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's guidelines.The purpose of appraisal reviews are to ascertain: whether the original appraisal or evaluation is well-suited for the transaction, the liability inherit in the transaction, and whether the methods by which the real estate valuation is obtained ensures independence and quality. The review must also demonstrate whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the depth of the appraisal assignment. Lastly, the Federal Reserve notes 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".
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can produce 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 Titan Appraisals, LLC., we're experienced in every kind of appraisal review, review procedure and the obligations of review appraisers.
You can trust Titan Appraisals, LLC. for our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings. |
|||||||||
We are familiar with what constitutes a quality appraisal and what the most frequent inadequacies are, especially in our home market.
We're also sufficiently skilled to recognize that our competition in our market are capable of doing quality work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to fairly assess appraisal reports executed by others. And those others may be reviewing our work, too!