For appraisal review services in Maricopa, contact Northern Arizona Appraisal, Inc.

Skilled Appraisal Reviews with Northern Arizona Appraisal, Inc.

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 it's the responsibility of appraisers preparing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Northern Arizona Appraisal, Inc., we provide appraisal review services that are unbiased, qualified, professional and square with the Federal Reserve's regulations.

The purpose of appraisal reviews are to pursue: whether the original appraisal or evaluation is fitting for the transaction, the risk inherit in the transaction, and whether the manner by which the property valuation is accomplished ensures independence and quality. Moreover, they must denote whether the appraisal or evaluation report is true to the engagement letter, which describes the scope of the appraisal assignment. Lastly, 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 have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Northern Arizona Appraisal, Inc. today.

In addition to adjusting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are typically 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. At Northern Arizona Appraisal, Inc., we're trained in every type of appraisal review, review process and the responsibilities of review appraisers.

For appraisal review services in Maricopa, contact Northern Arizona Appraisal, Inc. We're aware of what amounts to a quality appraisal and what the biggest defects are, specifically when it comes to our local housing market. Concurrently, we're professional enough to acknowledge that our competitors in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to fairly assess appraisal reports done by others. And those others may be examining our work, too!

For professional, objective, ethical appraisal review services and honest judgments, you can depend on Northern Arizona Appraisal, Inc.. Contact us to learn more about our qualifications, expertise and services offered.