For appraisal review services in Los Angeles, contact Kenny Furuya Appraisal Services

Getting a second opinion on an appraisal

As said in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the obligation of appraisers producing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." At Kenny Furuya Appraisal Services, we provide appraisal review services that are objective, expert, professional and square with the Federal Reserve's rules.

The purpose of appraisal reviews are to determine: whether the original appraisal or evaluation is applicable for the transaction, the exposure inherit in the transaction, and whether the methods by which the real estate valuation is accomplished guarantees independence and quality. They should also announce whether the appraisal or evaluation report is in line with the engagement letter, which gives an account of the scope of the appraisal assignment. Lastly, the Fed also 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 have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact Kenny Furuya Appraisal Services today.

In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we will 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 Kenny Furuya Appraisal Services, we are experienced in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.

For appraisal review services in Los Angeles, contact Kenny Furuya Appraisal Services Kenny Furuya Appraisal Services understands what the greatest reporting imperfections are, specifically in our housing market. We also understand what constitutes a quality appraisal. We're also sufficiently experienced to admit that our competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly evaluate appraisal reports completed by others. And those others may be evaluating our work, too!

For professional, fair, ethical appraisal review services and neutral judgments, you can rely on Kenny Furuya Appraisal Services. Contact Kenny Furuya Appraisal Services for more information regarding our qualifications, expertise and services offered.