Prairie Appraisal Service, LLC Appraisal ReviewsAs said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers performing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Prairie Appraisal Service, LLC provides appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's rules. 
If you need a real estate appraisal review or have questions about an appraisal, contact Prairie Appraisal Service, LLC today. As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality." In addition, they "must indicate whether the appraisal or evaluation report is true to the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement typical reviews with post-funding surveys of appraisal quality for some of their higher-risk or high-value affairs as a control to help in revealing valuation complications." In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will prepare 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 Prairie Appraisal Service, LLC, we're skilled in all kinds of appraisal reviews, review processes and the obligations of review appraisers. We understand what the most frequent deficiencies are, especially in our housing market. We also know what constitutes a quality appraisal. The professionals at Prairie Appraisal Service, LLC are also sufficiently experienced to distinguish that the competitors 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 count on Prairie Appraisal Service, LLC to objectively valuate appraisal reports done by others. And those others might be examining our work, too! In short, here at Prairie Appraisal Service, LLC, you can rely on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered. |