Qualified Appraisal Reviews with Pretiger Appraisal Company

As said in a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers doing reviews must "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's guidelines, contact Pretiger Appraisal Company.

If you need a real estate appraisal review or have questions about an appraisal, call us today.

Appraisal reviews "should figure out whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. In addition, they "should signify whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the capacity of the appraisal assignment." The Federal Reserve also states that "some financial institutions reinforce routine reviews with post-funding assessments of appraisal quality for some of their higher-liability or high-value contracts as a means to assist in identifying valuation dilemmas."

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Pretiger Appraisal Company, we're qualified in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.

We know what the biggest weaknesses are, particularly in our home market, as well as what makes a quality appraisal. In the same sense, we are sufficiently skilled to know that our competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Pretiger Appraisal Company to fairly assess appraisal reports performed by others. And those others may be studying our work, too!

Here at Pretiger Appraisal Company, you can rely on our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Pretiger Appraisal Company for more information regarding our qualifications, expertise and service offerings.