|
Expert Appraisal Reviews by Chris Dixon & Associates, Inc.According to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers fulfilling reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Chris Dixon & Associates, Inc., we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's guidelines.The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is pertinent for the transaction, the exposure inherit in the transaction, and whether the procedures by which the collateral valuation is accomplished guarantees independence and quality. They should also signify whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the extent of the appraisal assignment. Lastly, the Fed also notes 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".
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Chris Dixon & Associates, Inc., we're qualified in every form of appraisal review, review practice and the requirements of review appraisers.
For professional, fair, ethical appraisal review services and truthful judgments, you can count on Chris Dixon & Associates, Inc.. Contact Chris Dixon & Associates, Inc. for more information regarding our qualifications, expertise and services offered. |
|||||||||
We realize what the most common report deficiencies are, specifically in our real estate market, as well as what constitutes a quality appraisal.
The professionals at Chris Dixon & Associates, Inc. are also skilled enough to realize that our competitors in our market are qualified to do a great job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically valuate appraisal reports executed by others. And those others might be examining our work, too!