Quality Appraisal Reviews with A. M. Appraisals
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers doing reviews ought to "have the ability and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's regulations, look no further than A. M. Appraisals.
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
According to the Federal Reserve, appraisal reviews "ought to find out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "must denote whether the appraisal or evaluation report is true to the engagement letter, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some financial institutions reinforce routine reviews with post-funding assessments of appraisal quality for a few of their high-risk or larger-value dealings as a method to help in revealing valuation concerns."
In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At A. M. Appraisals, we are qualified in every kind of appraisal review, review practice and the responsibilities of review appraisers.
A. M. Appraisals realizes what the most prevalent defects are, particularly in our home market. We also know what amounts to a quality appraisal. The professionals at A. M. Appraisals are also skilled enough to realize that our competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically look over appraisal reports carried out by others. And those others could be examining our work, too!
When you choose A. M. Appraisals, you can trust our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.
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