Farid Rangchi Appraisal ReviewsAccording to an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers fulfilling reviews are obligated to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Farid Rangchi provides appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's rules. 
If you need a real estate appraisal review or have questions about an appraisal, call us today. According to the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is collected guarantees independence and quality." They "should also signify whether the appraisal or evaluation report is even with the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some institutions reinforce periodic reviews with post-funding assessments of appraisal quality for some of their high-risk or greater-value transactions as a means to help in detecting valuation dilemmas." In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can 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 Farid Rangchi, we're experienced in all kinds of appraisal reviews, review practices and the requirements of review appraisers. We are aware of what the most prevalent inadequacies are, particularly in our housing market, as well as what represents a quality appraisal. At the same time, we are amply experienced to recognize that our competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to ethically study appraisal reports executed by others. And those others may be evaluating our work, too! In short, here at Farid Rangchi, you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Farid Rangchi for more information regarding our qualifications, expertise and service offerings. |