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For appraisal review services in Stark, contact Tillapaw Appraisal

Getting a second opinion on an appraisal

As said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the responsibility of appraisers engaged in reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Tillapaw Appraisal provides appraisal review services that are independent, qualified, professional and square with the Federal Reserve's rules.

A review appraisal should determine: whether the original appraisal or evaluation is applicable for the transaction, the risk inherit in the transaction, and whether the means by which the property valuation is obtained ensures independence and quality. The review must also denote whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment. The Federal Reserve also 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".

If you need a real estate appraisal review or have questions about an appraisal, contact Tillapaw Appraisal today.

In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form.  At Tillapaw Appraisal, we are skilled in all types of appraisal reviews, review processes and the requirements of review appraisers.  

For appraisal review services in Stark, contact Tillapaw Appraisal We understand what the most common reporting weaknesses are, especially in our housing market. We also know what represents a quality appraisal.  The professionals at Tillapaw Appraisal are also sufficiently trained to distinguish 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 Tillapaw Appraisal to objectively study appraisal reports done by others. And those others could be evaluating our work, too!  

You can trust Tillapaw Appraisal for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.