Adams A. Engle Real Estate Evaluations
Estimating a value on a property is difficult and complicated – ordering your appraiser, though, makes it look like a walk in the park. We're here to help you.
Commencing in November of 1993, I have been instrumental in appraising real estate in Seneca County, Ohio, as well as surrounding counties.
Almost 20 years later, Adams has developed an amazing team who help small-, medium-, and large-sized business move the economy forward every single day. Whether it's a your home, an agricultural working farm, commercial big box store or industrial building. We've done it all and made sure everything went smoothly in the process.
The Federal Reserve has recently reiterated that "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 Reserves appraisal regulations and guidelines."Here at Dan's Appraisals, we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.
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," the Fed says. 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."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 generally used for review services, and we can 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 Engle Real Estate Evaluations, we are experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.
We understand what makes a quality appraisal and what the most common deficiencies are, especially in our home market. At the same time, we are professional enough to recognize that our competitors in our market are capable of doing a good job! The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically evaluate appraisal reports performed by others. Those others may be reviewing our work, too!
In short, here at Engle Real Estate Evaluations, you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Browse our website to learn more about our qualifications, expertise and services offered.