For appraisal review services in Allen, contact Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser

Qualified Appraisal Reviews with Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser

As said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the prudent for appraisers producing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser, we provide appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines.

The purpose of appraisal reviews are to verify: whether the original appraisal or evaluation is fitting for the transaction, the liability inherit in the transaction, and whether the practices by which the property valuation is rendered guarantees independence and quality. They must also demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the range of the appraisal assignment. The Federal Reserve says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".

If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally 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 Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser, we're skilled in every form of appraisal review, review practice and the requirements of review appraisers.  

For appraisal review services in Allen, contact Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser We're aware of what makes a quality appraisal and what the greatest defects are, particularly when it comes to our local real estate market.  The professionals at Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser are also sufficiently trained to admit that our competition in our market are capable of a fine job.  The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser to lawfully review appraisal reports completed by others. And those others may be examining our work, too!  

In short, at Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser, you can be sure of our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Freistroffer Appraisal Service / Thomas Freistroffer-Certified Residential Appraiser regarding our qualifications, expertise and service offerings.