Qualified Appraisal Reviews with BNKP Property SolutionsAccording to an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at BNKP Property Solutions, we provide appraisal review services that are impartial, expert, 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 BNKP Property Solutions today. According to the Federal Reserve, appraisal reviews "must figure out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality." In addition, they "must indicate whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions reinforce typical reviews with post-funding evaluations of appraisal quality for a number of their higher-liability or larger-value affairs as a way to help in detecting valuation complications." In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually 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. At BNKP Property Solutions, we are qualified in all forms of appraisal reviews, review processes and the responsibilities of review appraisers. BNKP Property Solutions is aware of what the biggest weaknesses are, particularly in our real estate market, as well as what makes a quality appraisal. In this regard, we're trained enough to identify that the competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to fairly look over appraisal reports performed by others. And those others could be reviewing our work, too! In short, when you choose BNKP Property Solutions, you can trust our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact BNKP Property Solutions regarding our qualifications, expertise and services offered. |