For appraisal review services in Carroll, contact Zim Appraisals

Getting a second opinion on an appraisal

As 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." Here at Zim Appraisals, we provide appraisal review services that are independent, expert, professional and in line with the Federal Reserve's rules.

A review appraisal should verify: whether the original appraisal or evaluation is suitable for the transaction, the liability inherit in the transaction, and whether the actions by which the real estate valuation is rendered ensures independence and quality. Moreover, they must announce whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the extent of the appraisal assignment. Lastly, the Federal Reserve also goes on to say 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 in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Zim Appraisals today.

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are largely 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 Zim Appraisals, we're qualified in all types of appraisal reviews, review practices and the responsibilities of review appraisers.

For appraisal review services in Carroll, contact Zim Appraisals Zim Appraisals realizes what represents a quality appraisal and what the biggest inadequacies are, specifically for reports in our home market. In the same regard, we're sufficiently skilled to admit that our competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully review appraisal reports done by others. And those others might be examining our work, too!

For professional, objective, ethical appraisal review services and neutral judgments, you can rely on Zim Appraisals. Contact us for more information regarding our qualifications, expertise and service offerings.