Colorado Appraisals:
Appraisal Reviews for Colorado
The Federal Reserve recently reiterated that "financial institutions must have an effective, independent real estate appraisal and evaluation program," and also that appraisers performing professional appraisal reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines."
At Colorado Appraisals we provide independent, qualified and professional appraisal review services that comply completely with the Federal Reserve's guidelines.
Also according Federal Reserve's instructions, appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality." They "should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment." They also note: "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."
Colorado Appraisals conforms to the forms and guidelines of our review clients, but there are also four Fannie Mae forms that are often used for the review services, and we can prepare appraisal reviews on any of them. They include:
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Appraisal "Desk" Review
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Appraisal "Field" Review
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"Short" form
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"Narrative" form
 With Colorado Appraisals, you can be assured that all types of appraisal reviews and procedures are followed with experience and responsibility.
Colorado Appraisals understands what makes a quality appraisal and what the most common appraisal deficiencies are, especially in our own home market.
But, at the same time, we also realize that there are competitors in the marketing that are also professional and do a good job!
The Uniform Standards of Professional Appraisal Practice (USPAP) monitors and governs appraisal reviews as well as standard appraisal reports. We can be counted upon to accurately and ethically evaluate appraisal reports performed by others. (Those others just might be reviewing our work, too!)
With Colorado Appraisals, you can rely on our independent judgment; we offer professional, objective and ethical review appraisal services for all of our clients.
If you would like to order a review appraisal:
Call: (303) 345-3604 - or - (720) 733-6330
If you would like to order a Review Appraisal Online:
Click Here to Place a Review Appraisal Order Today
You can also feel free to browse this website to learn more about our qualifications, expertise and full list of services offered.
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