Experienced Appraisal Reviews by Terry Appraisal Group, LLCAs stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews have to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Terry Appraisal Group, LLC, we provide appraisal review services that are objective, qualified, professional and square with the Federal Reserve's regulations. 
If you have questions about an appraisal, or if you need a real estate appraisal review, contact Terry Appraisal Group, LLC today. Appraisal reviews "must conclude whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve states that "some banks add routine reviews with post-funding evaluations of appraisal quality for a few of their high-risk or large-value affairs as a means to help in revealing valuation complications." In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can 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 Terry Appraisal Group, LLC, we're skilled in every kind of appraisal review, review practice and the responsibilities of review appraisers. We are aware of what the most common inadequacies are, especially in our real estate market. We also understand what makes a quality appraisal. We're also adequately trained to recognize that the competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Terry Appraisal Group, LLC to ethically valuate appraisal reports executed by others. And those others may be examining our work, too! You can rely on Terry Appraisal Group, LLC for our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Terry Appraisal Group, LLC for more information regarding our qualifications, expertise and service offerings. |