Appraisal Reviews with P.M. Appraisals, Inc.
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers doing reviews ought to "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's regulations, look no further than P.M. Appraisals, Inc..
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call P.M. Appraisals, Inc. today.
Appraisal reviews "have to find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the processes by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. In addition, they "should signify whether the appraisal or evaluation report matches the engagement letter, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions reinforce typical reviews with post-funding assessments of appraisal quality for some of their higher-risk or larger-value contracts as a means to aid in revealing valuation problems."
In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can prepare 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 all types of appraisal reviews, review processes and the responsibilities of review appraisers.
We realize what the most frequent deficiencies are, particularly in our real estate market, as well as what amounts to a quality appraisal. The professionals at P.M. Appraisals, Inc. are also sufficiently experienced to respect that the competitors in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on P.M. Appraisals, Inc. to lawfully evaluate appraisal reports done by others. And those others may be examining our work, too!
In short, at P.M. Appraisals, Inc., you can count on our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact P.M. Appraisals, Inc. to learn more about our qualifications, expertise and services offered.