The government requires that banks provide routine reviews. Appraisal reviews help determine whether the original appraisal report is consistent with the appraisal assignment and practices. Reviewing appraisals help to make sure the valuation process conforms to Fannie Mae guidelines.
What makes a quality appraisal? Most common deficiencies are found from appraisers who are unfamiliar with the local market and not being up to date with Uniform Standards of Professional Appraisal Practice (USPAP). Evaluating appraisals can be done through:
In short, here at Hawk Appraisals, you can rely on independent judgment, because we offer professional, objective, ethical appraisal review services for our clients.
Hawk Appraisals PO Box 106 West Oneonta, NY 13861-0106
