Shreveport - Bossier City LA
According to the Fed:
The Federal Reserve said "financial institutions must have an effective, independent real estate appraisal and evaluation program", and that it's the obligation of appraisers completing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Devereux Appraisal Company, LLC, we provide appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's guidelines.
The purpose of appraisal reviews are to detect: whether the original appraisal or evaluation is relevant for the transaction, the exposure inherit in the transaction, and whether the process by which the real estate valuation is attained guarantees independence and quality. Moreover, they must denote whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the extent of the appraisal assignment. The Federal Reserve also goes on to say 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 have questions in reference to an appraisal, or if you need a real estate appraisal review, call us today.
Our Louisiana Appraisal Review Services
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Devereux Appraisal Company, LLC, we are trained in all forms of appraisal reviews, review practices and the responsibilities of review appraisers.
We know what the most likely report weaknesses are, specifically in our housing market, as well as what represents a quality appraisal. The professionals at Devereux Appraisal Company, LLC are also experienced enough to identify that our competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on Devereux Appraisal Company, LLC to justly evaluate appraisal reports completed by others. And those others might be reviewing our work, too!
When you choose Devereux Appraisal Company, LLC, you can trust our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers.
At Devereux Appraisal Co., LLC, we believe the difference should be obvious from the start. Use our fast contact form or call or e-mail us for fast disposition of your Shreveport and Bossier City area appraisal needs.