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P.M. Appraisals, Inc. Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews must "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At P.M. Appraisals, Inc., we provide appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's rules.

If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.

According to the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality." Moreover, they "must denote whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve says that "some banks supplement routine reviews with post-funding surveys of appraisal quality for a number of their high-liability or large-value contracts as a means to aid in addressing valuation concerns."

In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will 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 qualified in every kind of appraisal review, review process and the responsibilities of review appraisers.

We realize what constitutes a quality appraisal and what the most prevalent weaknesses are, especially in our home market. In the same regard, we are adequately skilled to respect that the competitors in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust P.M. Appraisals, Inc. to justly valuate appraisal reports performed by others. And those others could be studying our work, too!

You can count on P.M. Appraisals, Inc. for our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact P.M. Appraisals, Inc. for more information about our qualifications, expertise and services offered.