For appraisal review services in Polk, contact Integrity Appraisals of Central Florida, LLC

Getting a second opinion on an appraisal

According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers undertaking reviews should "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Integrity Appraisals of Central Florida, LLC provides appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's regulations.

A review appraisal has to pursue: whether the original appraisal or evaluation is appropriate for the transaction, the liability inherit in the transaction, and whether the means by which the real estate valuation is acquired guarantees independence and quality. They should also signify whether the appraisal or evaluation report is in line with the engagement letter, which gives an account of the reach of the appraisal assignment. Lastly, the Fed states 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 have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.

In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll 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 Integrity Appraisals of Central Florida, LLC, we are trained in every type of appraisal review, review practice and the responsibilities of review appraisers.

For appraisal review services in Polk, contact Integrity Appraisals of Central Florida, LLC Integrity Appraisals of Central Florida, LLC knows what the most prevalent reporting imperfections are, specifically in our real estate market. We also understand what amounts to a quality appraisal. We're also skilled enough to realize that the competitors in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Integrity Appraisals of Central Florida, LLC to ethically examine appraisal reports carried out by others. And those others could be reviewing our work, too!

For professional, impartial, ethical appraisal review services and independent judgments, you can count on Integrity Appraisals of Central Florida, LLC. Contact us for more information about our qualifications, expertise and services offered.