Touchstone Appraisal, LLC Appraisal ReviewsAs stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Touchstone Appraisal, LLC, we provide appraisal review services that are objective, qualified, professional and square with the Federal Reserve's rules. 
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today. The Federal Reserve says appraisal reviews "must determine whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality." They "must also demonstrate whether the appraisal or evaluation report is true to the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions add regular reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or greater-value transactions as a way to assist in detecting valuation complications." In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will 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. Here at Touchstone Appraisal, LLC, we are qualified in every type of appraisal review, review practice and the requirements of review appraisers. We understand what the most frequent weaknesses are, specifically in our housing market. We also understand what constitutes a quality appraisal. We're also amply trained to identify that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Touchstone Appraisal, LLC to fairly evaluate appraisal reports executed by others. And those others could be evaluating our work, too! You can rely on Touchstone Appraisal, LLC for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings. |