Expert Appraisal Reviews with BluValue, LLC
According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews must "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." At BluValue, LLC, we provide appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call BluValue, LLC today.
Appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the risk of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. In addition, they "should indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement periodic reviews with post-funding surveys of appraisal quality for any of their higher-risk or large-value contracts as a channel to aid in discovering valuation complications."
In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At BluValue, LLC, we're skilled in all types of appraisal reviews, review practices and the requirements of review appraisers.
BluValue, LLC understands what the most frequent deficiencies are, particularly in our home market, as well as what makes a quality appraisal. We're also amply experienced to identify that our competitors in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to objectively look over appraisal reports executed by others. And those others may be studying our work, too!
For professional, fair, ethical appraisal review services and neutral judgments, you can count on BluValue, LLC. Contact us for more information regarding our qualifications, expertise and service offerings.