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DPOE, Inc. Appraisal ReviewsAs stated 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 performing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." DPOE, Inc. provides appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's rules.A review appraisal has to find out: whether the original appraisal or evaluation is pertinent for the transaction, the risk inherit in the transaction, and whether the methods by which the real estate valuation is obtained ensures independence and quality. In addition, they must show whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the range of the appraisal assignment. The Fed also notes 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 conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we'll formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At DPOE, Inc., we're trained in every type of appraisal review, review process and the responsibilities of review appraisers.
In short, when you choose DPOE, Inc., you can trust our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings. |
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We're aware of what the biggest reporting defects are, specifically in our housing market. We also know what constitutes a quality appraisal.
The professionals at DPOE, Inc. are also skilled enough to distinguish that the competitors in our market are capable of a good job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to fairly valuate appraisal reports completed by others. And those others might be evaluating our work, too!