For appraisal review services in Bergen, contact Duncan Appraisals

Appraisal Reviews by Duncan Appraisals

As said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers engaged in reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Duncan Appraisals, we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's guidelines.

The purpose of appraisal reviews are to pursue: whether the original appraisal or evaluation is fitting for the transaction, the risk inherit in the transaction, and whether the practices by which the real estate valuation is acquired guarantees independence and quality. The review must also signify whether the appraisal or evaluation report is consistent with the engagement letter, which describes the scope of the appraisal assignment. Lastly, the Fed states 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".


	If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call Duncan Appraisals today.

In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Duncan Appraisals, we're skilled in every type of appraisal review, review practice and the responsibilities of review appraisers.

For appraisal review services in Bergen, contact Duncan Appraisals Duncan Appraisals knows what the typical report imperfections are, specifically in our home market, as well as what amounts to a quality appraisal. In the same sense, the professionals at Duncan Appraisals are sufficiently skilled to recognize that our competitors in our market are able 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 objectively examine appraisal reports executed by others. And those others may be studying our work, too!

You can count on Duncan Appraisals for our independent judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.