Appraisal Review Options

Scope Of Review Assignments – DESK OR FIELD REVIEW

Our appraisal review complies with the reporting requirements set forth in Standards Rule 3 and 4 of the Uniform Standards of Professional Appraisal Practice, the Comptroller of the Currency’s (OCC) & FIRREA Minimum Standards, NCAU and additional requirements set forth by the Client. 

Our appraiser review is available in three “Desk Review” options:

1) Limited Administrative Review – Tier 1 is typically pertinent to loan amounts involving transaction values of $1,000,000 or less. This type of review verifies the analysis, opinions and conclusions.

2) Standard Administrative Review – Tier 2 is pertinent to loan amounts involving transaction values from $1,000,000 to $2,500,000. This review has an increased scope of work as to the analysis, opinions and conclusions. The report contains more narrative in comparison to the Tier 1 Review.

3) Technical Administrative Appraisal Review Tier 3 is pertinent to loan values involving transaction values in excess of $2,500,000 incorporating expanded property details and reviewer commentary in comparison to the Standard Administrative Tier 2 Review.

Call us for a free consultation to determine which review meets your needs of CLICK BELOW FOR A FREE QUOTE!