Qualified Appraisal Reviews by A. M. Appraisals

According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers doing reviews should "have the ability and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." A. M. Appraisals provides appraisal review services that are independent, efficient, professional and square with the Federal Reserve's regulations.

If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call A. M. Appraisals today.

Appraisal reviews "should figure out whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. They "should also signify whether the appraisal or evaluation report matches the engagement letter, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment typical reviews with post-funding assessments of appraisal quality for a number of their high-liability or larger-value transactions as a method to help in addressing valuation concerns."

In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will formulate 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're experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.

We're aware of what the most prevalent imperfections are, especially in our home market. We also know what constitutes a quality appraisal. At the same time, we're experienced enough to identify that our competitors in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to fairly look over appraisal reports executed by others. And those others could be studying our work, too!

In short, when you choose A. M. Appraisals, you can rely on our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact A. M. Appraisals to learn more about our qualifications, expertise and service offerings.

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