APPRAISAL REVIEWS

“Financial institutions must have an effective, independent real estate appraisal and evaluation program and they should have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines.” This was stated again just recently by the Federal Reserve. We, at Inland Appraisal LLC, independent, qualified, professional, genuine and honest appraisal review services are provided in accordance with the Federal Reserve’s regulations and guidelines.

The Federal Reserve adds that appraisal reviews “should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality. They should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment” and 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 problem.”

Inland Appraisal LLC is an expert in all types of appraisal reviews, review procedures and the responsibilities of review appraisers. We have four Fannie Mae form which includes “desk” review, “field” review, a “short” form and “native” form which are all fields of expertise of Inland Appraisal LLC and can perform any of these mentioned appraisal reviews which conforms to the guidelines of our review clients.

The Uniform Standards of Professional Appraisal Practice (USPAP) governs appraisal reviews as well as appraisal reports. Inland Appraisal LLC ensures you that we can ethically evaluate appraisal reports done by others for they may be reviewing our reports, too! We know what a good appraisal is and what common shortages it can have. We are professionals who do not take our competitors in the industry for granted and concedes that they too can make a good appraisal.

To top it all, we, in Inland Appraisal LLC are professionals and assure you of good quality independent judgment which conforms to our objectives and ethics in the profession. To learn more about us, the services we offer and our expertise, just push a button on our website to answer all your queries.