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For appraisal review services in Washington, contact Sigler Appraisals, LLC

Appraisal Reviews with Sigler Appraisals, LLC

As said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the expectation of appraisers engaged in reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Sigler Appraisals, LLC, we provide appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's guidelines.

A review appraisal should verify: whether the original appraisal or evaluation is pertinent for the transaction, the liability inherit in the transaction, and whether the practices by which the property valuation is accomplished ensures independence and quality. They must also signify whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the range of the appraisal assignment. Lastly, the Federal Reserve also 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 need a real estate appraisal review or have questions about an appraisal, call us today.

In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally 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.  Here at Sigler Appraisals, LLC, we're qualified in every type of appraisal review, review procedure and the requirements of review appraisers.  

For appraisal review services in Washington, contact Sigler Appraisals, LLC Sigler Appraisals, LLC knows what represents a quality appraisal and what the biggest defects are, particularly in our home market.  We're also experienced enough to acknowledge that our competitors in our market are capable of quality work.  The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to fairly examine appraisal reports done by others. And those others might be studying our work, too!  

In short, at Sigler Appraisals, LLC, you can trust our independent judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Sigler Appraisals, LLC regarding our qualifications, expertise and service offerings.