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Qualified Appraisal Reviews with Sandra Koutsopoulos
As said 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 completing reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines."
Sandra Koutsopoulos provides appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's regulations.
The purpose of appraisal reviews are to determine: whether the original appraisal or evaluation is well-suited for the transaction, the liability inherit in the transaction, and whether the manners by which the property valuation is acquired ensures independence and quality.
Moreover, they should announce whether the appraisal or evaluation report matches the engagement letter, which gives an account of the range 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".
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If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Sandra Koutsopoulos today. |
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In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll prepare 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 Sandra Koutsopoulos, we are qualified in every form of appraisal review, review procedure and the obligations of review appraisers.
We understand what constitutes a quality appraisal and what the most frequent inadequacies are, specifically for reports in our local real estate market.
At the same time, the professionals at Sandra Koutsopoulos are amply trained to realize that the competition 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 count on Sandra Koutsopoulos to objectively examine appraisal reports done by others. And those others could be studying our work, too!
For professional, impartial, ethical appraisal review services and independent judgments, you can rely on Sandra Koutsopoulos.
Contact Sandra Koutsopoulos for more information regarding our qualifications, expertise and service offerings.
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