Appraisal ReviewsAs said in a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews should "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." At Oxford Home Valuations, we provide appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's guidelines. 
If you need a real estate appraisal review or have questions about an appraisal, contact us today. Appraisal reviews "ought to determine whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality," the Federal Reserve says. In addition, they "should show whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some institutions reinforce typical reviews with post-funding assessments of appraisal quality for some of their higher-liability or high-value affairs as a means to help in revealing valuation disputes." In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are normally 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. At Oxford Home Valuations, we are experienced in every form of appraisal review, review process and the responsibilities of review appraisers. Oxford Home Valuations is aware of what the biggest weaknesses are, particularly in our housing market, as well as what makes a quality appraisal. In the same sense, we are experienced enough to identify that the competition 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 count on us to objectively assess appraisal reports completed by others. And those others could be examining our work, too! For professional, fair, ethical appraisal review services and truthful judgments, you can count on Oxford Home Valuations. Contact Oxford Home Valuations for more information about our qualifications, expertise and services offered. |