A. M. Appraisals Appraisal Reviews
According to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers doing reviews must "have the familiarity and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's regulations, just contact A. M. Appraisals.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "have to find out whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is collected ensures independence and quality." They "should also indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement regular reviews with post-funding assessments of appraisal quality for a number of their high-risk or high-value contracts as a channel to aid in exposing valuation problems."
In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll 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. At A. M. Appraisals, we're qualified in all kinds of appraisal reviews, review procedures and the requirements of review appraisers.
A. M. Appraisals understands what the biggest inadequacies are, especially in our housing market, as well as what constitutes a quality appraisal. We're also adequately experienced to acknowledge that our competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust A. M. Appraisals to lawfully evaluate appraisal reports performed by others. And those others might be reviewing our work, too!
You can rely on A. M. Appraisals for our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact A. M. Appraisals regarding our qualifications, expertise and service offerings.
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