Appraisal Reviews with A. M. AppraisalsAs stated in an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at A. M. Appraisals, we provide appraisal review services that are independent, expert, professional and in accordance with the Federal Reserve's guidelines. 
If you need a real estate appraisal review or have questions in reference to an appraisal, call A. M. Appraisals today. Appraisal reviews "ought to determine whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality," the Federal Reserve says. They "should also announce whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also notes that "some financial institutions reinforce regular reviews with post-funding assessments of appraisal quality for a number of their higher-risk or larger-value contracts as a channel to aid in addressing valuation complications." In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we can 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. Here at A. M. Appraisals, we're experienced in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers. We're aware of what the most common weaknesses are, especially in our real estate market. We also understand what represents a quality appraisal. We're also trained enough to identify that our competitors in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to justly valuate appraisal reports performed by others. And those others could be reviewing 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 A. M. Appraisals regarding our qualifications, expertise and services offered. |
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