Appraisal Reviews with Harper & Strickland, Inc.

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." At Harper & Strickland, Inc., we provide appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions about an appraisal, contact Harper & Strickland, Inc. today.

As stated by the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality." They "must also denote whether the appraisal or evaluation report is true to the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment typical reviews with post-funding evaluations of appraisal quality for any of their high-liability or larger-value contracts as a means to help in discovering valuation complications."

In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we can 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. Here at Harper & Strickland, Inc., we're experienced in every kind of appraisal review, review process and the obligations of review appraisers.

We are aware of what the greatest deficiencies are, especially in our home market, as well as what constitutes a quality appraisal. In the same regard, we're trained enough to acknowledge that the competition in our market are qualified 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 us to ethically review appraisal reports executed by others. And those others could be reviewing our work, too!

In short, here at Harper & Strickland, Inc., you can trust our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact Harper & Strickland, Inc. for more information about our qualifications, expertise and service offerings.