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Qualified Appraisal Reviews with Dixon Appraisal Company, LLCAs said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the prudent for appraisers performing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Dixon Appraisal Company, LLC provides appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's guidelines.A review appraisal should detect: whether the original appraisal or evaluation is applicable for the transaction, the risk inherit in the transaction, and whether the actions by which the property valuation is obtained ensures independence and quality. The review must also announce whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment. Lastly, the Federal Reserve says 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 adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll 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. At Dixon Appraisal Company, LLC, we are skilled in all types of appraisal reviews, review practices and the responsibilities of review appraisers.
For professional, impartial, ethical appraisal review services and independent judgments, you can rely on Dixon Appraisal Company, LLC. Contact Dixon Appraisal Company, LLC regarding our qualifications, expertise and services offered. |
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Dixon Appraisal Company, LLC is aware of what the most common report inadequacies are, specifically in our home market, as well as what represents a quality appraisal.
We're also amply experienced to recognize that the competitors in our market are skillful in doing good work.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to objectively examine appraisal reports carried out by others. And those others could be examining our work, too!