Tallent and Associates Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Tallent and Associates, we provide appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's rules. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Tallent and Associates today. According to the Federal Reserve, appraisal reviews "have to verify whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the processes by which the collateral valuation is attained ensures independence and quality." In addition, they "must denote whether the appraisal or evaluation report matches the letter of engagement, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment routine reviews with post-funding surveys of appraisal quality for any of their higher-liability or high-value affairs as a method to assist in exposing valuation concerns." In addition to coordinating our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will develop 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 Tallent and Associates, we are skilled in all kinds of appraisal reviews, review practices and the requirements of review appraisers. We know what the greatest imperfections are, particularly in our home market, as well as what represents a quality appraisal. In the same sense, we are trained enough to know that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Tallent and Associates to ethically examine appraisal reports executed by others. And those others might be reviewing our work, too! For professional, fair, ethical appraisal review services and honest judgments, you can depend on Tallent and Associates. Contact Tallent and Associates to learn more about our qualifications, expertise and service offerings. |