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Experienced Appraisal Reviews with D. O'Kane and Company, LLCAs said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers producing reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." D. O'Kane and Company, LLC provides appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's guidelines.A review appraisal has to determine: whether the original appraisal or evaluation is fitting for the transaction, the risk inherit in the transaction, and whether the method by which the property valuation is accomplished ensures independence and quality. The review must also show whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the reach of the appraisal assignment. Lastly, the Fed says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adapting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll 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 D. O'Kane and Company, LLC, we're qualified in all types of appraisal reviews, review procedures and the requirements of review appraisers.
When you choose D. O'Kane and Company, LLC, you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact D. O'Kane and Company, LLC regarding our qualifications, expertise and services offered. |
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D. O'Kane and Company, LLC knows what the most prevalent report imperfections are, specifically in our housing market, as well as what constitutes a quality appraisal.
We're also trained enough to distinguish that our competitors in our market are able to do a good job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on D. O'Kane and Company, LLC to objectively review appraisal reports performed by others. And those others could be studying our work, too!