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Skilled Appraisal Reviews by King Valuations, Inc.As 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 preparing reviews are compelled to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." King Valuations, Inc. provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations.The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is applicable for the transaction, the exposure inherit in the transaction, and whether the manner by which the real estate valuation is attained ensures independence and quality. In addition, they must denote whether the appraisal or evaluation report is true to the letter of engagement, which describes the extent of the appraisal assignment. The Federal Reserve also says 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 adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At King Valuations, Inc., we are experienced in every kind of appraisal review, review practice and the responsibilities of review appraisers.
In short, when you choose King Valuations, Inc., you can be sure of our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact King Valuations, Inc. regarding our qualifications, expertise and service offerings. |
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We are aware of what makes a quality appraisal and what the most frequent inadequacies are, particularly when it comes to our home market.
We're also amply experienced to realize that our competition in our market are able to do a fine job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on King Valuations, Inc. to lawfully evaluate appraisal reports done by others. And those others could be reviewing our work, too!