Qualified Appraisal Reviews by A. M. AppraisalsAccording to a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation procedures," and that appraisers performing reviews must "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." A. M. Appraisals provides appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules. 
If you need a real estate appraisal review or have questions in reference to an appraisal, contact A. M. Appraisals today. Appraisal reviews "must conclude whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. They "should also signify whether the appraisal or evaluation report is even with the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some financial institutions reinforce regular reviews with post-funding surveys of appraisal quality for some of their higher-risk or larger-value dealings as a channel to help in detecting valuation complications." In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll formulate 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 are trained in all types of appraisal reviews, review procedures and the obligations of review appraisers. We understand what the biggest deficiencies are, particularly in our real estate market, as well as what represents a quality appraisal. In the same regard, the professionals at A. M. Appraisals are sufficiently skilled to identify that our competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust A. M. Appraisals to justly study appraisal reports performed by others. And those others might be evaluating our work, too! In short, when you choose A. M. Appraisals, you can count on our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact A. M. Appraisals for more information regarding our qualifications, expertise and services offered. |
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