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Qualified Appraisal Reviews by Cayenne Appraisal Group, LLCAs 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 obligation of appraisers engaged in reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Cayenne Appraisal Group, LLC provides appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's guidelines.A review appraisal has to find out: whether the original appraisal or evaluation is well-suited for the transaction, the liability inherit in the transaction, and whether the practices by which the collateral valuation is attained ensures independence and quality. In addition, they should show whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the extent of the appraisal assignment. 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 coordinating 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 will 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 Cayenne Appraisal Group, LLC, we're experienced in every type of appraisal review, review practice and the obligations of review appraisers.
Here at Cayenne Appraisal Group, LLC, you can be sure of our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Cayenne Appraisal Group, LLC for more information regarding our qualifications, expertise and service offerings. |
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We realize what the most common report defects are, especially in our real estate market, as well as what amounts to a quality appraisal.
The professionals at Cayenne Appraisal Group, LLC are also sufficiently trained to respect that our competition in our market are qualified to do a good job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to lawfully study appraisal reports done by others. And those others could be evaluating our work, too!