For appraisal review services in Knox, contact J. Doyle Knight Appraiser

Getting a second opinion on an appraisal

As said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the call of appraisers doing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." J. Doyle Knight Appraiser provides appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's regulations.

A review appraisal has to reveal: whether the original appraisal or evaluation is pertinent for the transaction, the exposure inherit in the transaction, and whether the procedures by which the real estate valuation is rendered ensures independence and quality. The review should also denote whether the appraisal or evaluation report is consistent with the engagement letter, which describes the extent of the appraisal assignment. The Federal Reserve 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 need a real estate appraisal review or have questions regarding an appraisal, contact us today.

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form.  At J. Doyle Knight Appraiser, we're skilled in all types of appraisal reviews, review practices and the requirements of review appraisers.  

For appraisal review services in Knox, contact J. Doyle Knight Appraiser J. Doyle Knight Appraiser is aware of what the greatest reporting weaknesses are, particularly in our home market. We also know what represents a quality appraisal.  In the same regard, we're experienced enough to admit that the competitors in our market are capable of doing good work.  The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on J. Doyle Knight Appraiser to objectively study appraisal reports done by others. And those others might be studying our work, too!  

You can count on J. Doyle Knight Appraiser for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact J. Doyle Knight Appraiser regarding our qualifications, expertise and service offerings.