Expert Appraisal Reviews by Tierney Appraisals

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers fulfilling reviews are obligated to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, expert, professional and in line with the Federal Reserve's guidelines, contact Tierney Appraisals.

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

Appraisal reviews "ought to figure out whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. They "should also signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add regular reviews with post-funding evaluations of appraisal quality for some of their higher-liability or greater-value dealings as a channel to assist in addressing valuation problems."

In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely 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. At Tierney Appraisals, we are trained in every form of appraisal review, review procedure and the requirements of review appraisers.

Tierney Appraisals knows what the biggest imperfections are, particularly in our real estate market. We also know what amounts to a quality appraisal. In the same sense, we are professional enough to distinguish that our competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Tierney Appraisals to fairly study appraisal reports carried out by others. And those others might be studying our work, too!

At Tierney Appraisals, you can rely on our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Tierney Appraisals for more information regarding our qualifications, expertise and services offered.