NKY Appraisal Services, Inc. Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." NKY Appraisal Services, Inc. provides appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's regulations. 
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today. The Federal Reserve says appraisal reviews "must verify whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality." Moreover, they "should announce whether the appraisal or evaluation report matches the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce routine reviews with post-funding assessments of appraisal quality for a few of their higher-risk or large-value dealings as a control to help in detecting valuation dilemmas." In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At NKY Appraisal Services, Inc., we're experienced in every form of appraisal review, review practice and the requirements of review appraisers. We are familiar with what the biggest inadequacies are, specifically in our housing market, as well as what amounts to a quality appraisal. The professionals at NKY Appraisal Services, Inc. are also sufficiently skilled to admit that the competitors in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on NKY Appraisal Services, Inc. to justly assess appraisal reports carried out by others. And those others may be studying our work, too! At NKY Appraisal Services, Inc., you can be sure of our neutral judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact NKY Appraisal Services, Inc. for more information about our qualifications, expertise and service offerings. |