Hortman Appraisals, LLC. Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, independent real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Hortman Appraisals, LLC. , we provide appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines. 
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact us today. The Federal Reserve says appraisal reviews "have to decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality." They "should also signify whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the extent of the appraisal assignment." The Federal Reserve also states that "some banks add typical reviews with post-funding surveys of appraisal quality for a number of their high-risk or higher-value dealings as a control to aid in detecting valuation issues." In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely 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 Hortman Appraisals, LLC. , we're experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers. Hortman Appraisals, LLC. realizes what the most common weaknesses are, specifically in our home market, as well as what constitutes a quality appraisal. In the same regard, we're proficient enough to admit that the competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Hortman Appraisals, LLC. to justly look over appraisal reports executed by others. And those others could be studying our work, too! In short, when you choose Hortman Appraisals, LLC. , you can rely on our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Hortman Appraisals, LLC. for more information about our qualifications, expertise and services offered. |