Quality Appraisal Reviews with Oceanside Appraisal Services, LLC

According to a statement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews should "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Oceanside Appraisal Services, LLC, we provide appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations.

If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call Oceanside Appraisal Services, LLC today.

Appraisal reviews "ought to find out whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must signify whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." The Federal Reserve also states that "some institutions supplement regular reviews with post-funding evaluations of appraisal quality for any of their higher-risk or large-value dealings as a control to help in revealing valuation dilemmas."

In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Oceanside Appraisal Services, LLC, we are trained in every form of appraisal review, review practice and the requirements of review appraisers.

Oceanside Appraisal Services, LLC is aware of what represents a quality appraisal and what the most frequent weaknesses are, particularly in our home market. We're also amply experienced to acknowledge that the competitors in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Oceanside Appraisal Services, LLC to lawfully study appraisal reports carried out by others. And those others could be evaluating our work, too!

At Oceanside Appraisal Services, LLC, you can be sure of our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.