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

Experienced Appraisal Reviews by Northern Arizona Appraisal, Inc.

As stated in 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 call of appraisers doing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Northern Arizona Appraisal, Inc., we provide appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's rules.

A review appraisal should determine: whether the original appraisal or evaluation is applicable for the transaction, the liability inherit in the transaction, and whether the procedures by which the collateral valuation is rendered ensures independence and quality. In addition, they should denote whether the appraisal or evaluation report is in line with the engagement letter, which gives an account of the extent of the appraisal assignment. The Fed 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 have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Northern Arizona Appraisal, Inc. today.

In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can develop 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 are qualified in all kinds of appraisal reviews, review practices and the obligations of review appraisers.

For appraisal review services in Coconino, contact Northern Arizona Appraisal, Inc. We realize what amounts to a quality appraisal and what the most frequent errors are, particularly when it comes to our home market. At the same time, we're experienced enough to acknowledge that our competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to justly assess appraisal reports done by others. And those others may be studying our work, too!

At Northern Arizona Appraisal, Inc., you can rely on our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.