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Complete Appraisal Reviews by Browne Real Estate VenturesAs 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 appraisers preparing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Browne Real Estate Ventures provides appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's guidelines.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 actions by which the collateral valuation is obtained ensures independence and quality. In addition, they should denote whether the appraisal or evaluation report is compatible with the engagement letter, which describes the scope of the appraisal assignment. The Fed also notes 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 tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Browne Real Estate Ventures, we are experienced in every type of appraisal review, review procedure and the responsibilities of review appraisers.
You can rely on Browne Real Estate Ventures for our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered. |
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We know what the greatest reporting inadequacies are, specifically in our real estate market. We also understand what represents a quality appraisal.
The professionals at Browne Real Estate Ventures are also sufficiently trained to acknowledge that the competitors in our market are skillful in doing good work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Browne Real Estate Ventures to lawfully look over appraisal reports completed by others. And those others might be examining our work, too!