Appraisal ReviewsAs said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews have to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At ALG Appraisals Inc., we provide 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're in the need of a real estate appraisal review, call us today. The Federal Reserve says appraisal reviews "ought to decide whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality." They "should also show whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks add periodic reviews with post-funding evaluations of appraisal quality for a number of their high-risk or large-value transactions as a way to aid in revealing valuation disputes." In addition to tailoring 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 can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At ALG Appraisals Inc., we are trained in all forms of appraisal reviews, review practices and the obligations of review appraisers. ALG Appraisals Inc. realizes what the biggest weaknesses are, especially in our home market, as well as what makes a quality appraisal. In the same regard, we are amply trained to identify that our competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on ALG Appraisals Inc. to lawfully study appraisal reports executed by others. And those others may be evaluating our work, too! In short, when you choose ALG Appraisals Inc., you can trust our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact ALG Appraisals Inc. for more information about our qualifications, expertise and services offered. |