Appraisal Reviews with P.M. Appraisals, Inc.
As said in a statement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers performing reviews should "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." P.M. Appraisals, Inc. provides appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's rules.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "must determine whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also says that "some institutions add regular reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value contracts as a channel to assist in uncovering valuation problems."
In addition to adapting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can develop 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 P.M. Appraisals, Inc., we're qualified in every type of appraisal review, review process and the obligations of review appraisers.
P.M. Appraisals, Inc. realizes what the most prevalent weaknesses are, especially in our real estate market. We also understand what represents a quality appraisal. The professionals at P.M. Appraisals, Inc. are also amply experienced to recognize that our competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to lawfully study appraisal reports performed by others. And those others might be evaluating our work, too!
You can trust P.M. Appraisals, Inc. for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.