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Complete Appraisal Reviews by Aaron VaziriAs 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 appraisers completing reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Aaron Vaziri provides appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's guidelines.The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is relevant for the transaction, the exposure inherit in the transaction, and whether the processes by which the property valuation is attained guarantees independence and quality. The review must also signify whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the extent of the appraisal assignment. The Federal Reserve 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 adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Aaron Vaziri, we are qualified in every form of appraisal review, review practice and the responsibilities of review appraisers.
You can trust Aaron Vaziri for our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered. |
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We know what the most prevalent reporting weaknesses are, specifically in our housing market. We also understand what represents a quality appraisal.
The professionals at Aaron Vaziri are also adequately trained to realize that the competitors in our market are capable of a good job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to objectively examine appraisal reports carried out by others. And those others could be evaluating our work, too!