Appraisal ReviewsAs stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews are obligated to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." A. M. Appraisals provides appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's rules. 
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call A. M. Appraisals today. The Federal Reserve says appraisal reviews "have to decide whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is accomplished ensures independence and quality." Moreover, they "must demonstrate whether the appraisal or evaluation report is true to the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add regular reviews with post-funding assessments of appraisal quality for any of their high-liability or high-value contracts as a channel to help in identifying valuation dilemmas." In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally 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 skilled in every form of appraisal review, review process and the requirements of review appraisers. We're aware of what the most common weaknesses are, particularly in our home market. We also know what amounts to a quality appraisal. In the same regard, we're skilled enough to respect that our competitors in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to ethically evaluate appraisal reports performed by others. And those others might be evaluating our work, too! For professional, objective, ethical appraisal review services and honest judgments, you can rely on A. M. Appraisals. Contact us for more information about our qualifications, expertise and services offered. |
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