Expert Appraisal Reviews with P.M. Appraisals, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers doing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's regulations, just contact P.M. Appraisals, Inc..
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is pertinent for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is acquired ensures independence and quality." Moreover, they "must announce whether the appraisal or evaluation report matches the letter of engagement, which sets forth the range of the appraisal assignment." The Federal Reserve also says that "some banks augment periodic reviews with post-funding assessments of appraisal quality for a few of their higher-liability or larger-value dealings as a channel to assist in addressing valuation disputes."
In addition to adapting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At P.M. Appraisals, Inc., we're experienced in all forms of appraisal reviews, review procedures and the requirements of review appraisers.
We understand what the most frequent inadequacies are, specifically in our home market, as well as what represents a quality appraisal. We're also sufficiently skilled to admit that our competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on P.M. Appraisals, Inc. to ethically examine appraisal reports done by others. And those others may be studying our work, too!
You can rely on P.M. Appraisals, Inc. for our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and service offerings.