A. M. Appraisals Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews should "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." At A. M. Appraisals, we provide appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions about an appraisal, call A. M. Appraisals today.
The Federal Reserve says appraisal reviews "ought to verify whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "must signify whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the scope of the appraisal assignment." The Federal Reserve also says that "some financial institutions supplement periodic reviews with post-funding evaluations of appraisal quality for any of their high-risk or greater-value contracts as a way to assist in detecting valuation issues."
In addition to coordinating our work to the procedures 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 of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At A. M. Appraisals, we are skilled in all types of appraisal reviews, review procedures and the obligations of review appraisers.
We know what the biggest deficiencies are, particularly in our home market, as well as what constitutes a quality appraisal. The professionals at A. M. Appraisals are also experienced enough to know that our competition in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust A. M. Appraisals to objectively evaluate appraisal reports carried out by others. And those others might be reviewing our work, too!
When you choose A. M. Appraisals, you can have confidence in our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.
Got a Question?
Do you have a question? We can help. Simply fill out the form below and we'll contact you with the answer, with no obligation to you. We guarantee your privacy.