Appraisal Reviews by Damon L. Smith Appraisal CompanyAccording to an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews should "have the knowledge and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines, just contact Damon L. Smith Appraisal Company. 
If you need a real estate appraisal review or have questions about an appraisal, contact Damon L. Smith Appraisal Company today. Appraisal reviews "have to conclude whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is even with the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve states that "some institutions add routine reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value dealings as a control to aid in detecting valuation problems." In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll formulate 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 Damon L. Smith Appraisal Company, we are skilled in all types of appraisal reviews, review procedures and the requirements of review appraisers. We understand what the most prevalent imperfections are, especially in our housing market, as well as what represents a quality appraisal. The professionals at Damon L. Smith Appraisal Company are also sufficiently trained to know that our competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Damon L. Smith Appraisal Company to fairly assess appraisal reports done by others. And those others may be reviewing our work, too! You can trust Damon L. Smith Appraisal Company for our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact Damon L. Smith Appraisal Company for more information about our qualifications, expertise and services offered. |