Experienced Appraisal Reviews with A. M. Appraisals
As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews are obligated to "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, expert, professional and square with the Federal Reserve's guidelines, look no further than A. M. Appraisals.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the practices by which the collateral valuation is obtained ensures independence and quality." They "should also denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some banks supplement regular reviews with post-funding assessments of appraisal quality for a number of their high-risk or high-value affairs as a control to help in revealing valuation concerns."
In addition to adapting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at A. M. Appraisals, we're skilled in every type of appraisal review, review procedure and the requirements of review appraisers.
We know what the greatest inadequacies are, specifically in our real estate market, as well as what amounts to a quality appraisal. The professionals at A. M. Appraisals are also skilled enough to recognize that the competition in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust A. M. Appraisals to lawfully valuate appraisal reports performed by others. And those others may be evaluating our work, too!
In short, when you choose A. M. Appraisals, you can trust our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.
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