Expert Appraisal Reviews with PSM Appraisals, LLC

According to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews ought to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." PSM Appraisals, LLC provides appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's rules.

If you're in the need of a real estate appraisal review or have questions about an appraisal, contact PSM Appraisals, LLC today.

Appraisal reviews "should determine whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the manner by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. Moreover, they "should denote whether the appraisal or evaluation report matches the engagement letter, which describes the extent of the appraisal assignment." The Federal Reserve also says that "some institutions add regular reviews with post-funding surveys of appraisal quality for a number of their high-risk or greater-value contracts as a method to aid in revealing valuation dilemmas."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will produce 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 PSM Appraisals, LLC, we're trained in all kinds of appraisal reviews, review processes and the obligations of review appraisers.

We are aware of what the most frequent defects are, specifically in our home market, as well as what constitutes a quality appraisal. In the same regard, we are amply trained to know that our competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on PSM Appraisals, LLC to ethically examine appraisal reports executed by others. And those others might be studying our work, too!

In short, at PSM Appraisals, LLC, you can have confidence in our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact PSM Appraisals, LLC for more information about our qualifications, expertise and service offerings.