Appraisal Reviews 

A review appraisal should ascertain: whether the original appraisal or evaluation is pertinent for the transaction, the liability inherit in the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality. In addition, they must denote whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the capacity of the appraisal assignment. The Fed also goes on to say 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 have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today.

  In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically 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.  At TC Appraisal, we are qualified in every type of appraisal review, review process and the obligations of review appraisers.  

We understand what the most common reporting defects are, especially in our real estate market. We also understand what makes a quality appraisal.  The professionals at TC Appraisal are also sufficiently trained to identify that our competition 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 count on us to ethically examine appraisal reports done by others. And those others could be reviewing our work, too!  

For professional, impartial, ethical appraisal review services and honest judgments, you can count on TC Appraisal. Contact TC Appraisal to learn more about our qualifications, expertise and service offerings.