An 鈥淓valuation鈥� is a term identified in Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) promulgated by banking regulators in 1989. An evaluation, from a regulatory perspective, is intended as a concise valuation that is appropriate for certain relatively low-risk loans. The succinct report format and reliable third-party property inspections allow us to provide cost-effective, dependable value solutions whose features include:
- USPAP and FIRREA compliance
- Exceeds regulatory guidelines for Evaluations
- Low cost
- Quick turnaround
- Ample data and analytics for the reader to understand and be confident in the value estimate
- Experienced appraisers with substantial local and/or property-type expertise
- Superior market intelligence via our proprietary database and extensive third-party information sources
- One-stop national coverage
While well-suited for low-risk, low-complexity assignments, this tool can be applied to more complex projects as well. It is also compatible with portfolio valuations and other types of appraisal requests.
Each Evaluation assignment is led by a single-point of contact, ensuring quality control, robust communication, reporting consistency and proper client care. Our custom technology platform makes use of the firm鈥檚 proprietary database as well as a wide range of specialized valuation-related tools and resources. Equipped with the most advanced tools in the industry, we develop a well-supported value opinion that empowers our clients to make decisions with confidence.