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Skilled Appraisal Reviews by Canopy Roads Appraisal, LLCAs 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 appraisers producing reviews are compelled to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Canopy Roads Appraisal, LLC provides appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's rules.The purpose of appraisal reviews are to verify: whether the original appraisal or evaluation is pertinent for the transaction, the risk inherit in the transaction, and whether the process by which the real estate valuation is rendered guarantees independence and quality. Moreover, they must indicate whether the appraisal or evaluation report is compatible with the engagement letter, which describes the scope of the appraisal assignment. The Fed 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".
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll 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. Here at Canopy Roads Appraisal, LLC, we are experienced in every type of appraisal review, review practice and the requirements of review appraisers.
You can rely on Canopy Roads Appraisal, LLC for our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Canopy Roads Appraisal, LLC to learn more about our qualifications, expertise and service offerings. |
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Canopy Roads Appraisal, LLC realizes what represents a quality appraisal and what the most common defects are, particularly in our home market.
We're also trained enough to identify that the competitors in our market are able to do quality work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Canopy Roads Appraisal, LLC to ethically review appraisal reports done by others. And those others might be evaluating our work, too!