Quality Appraisal Reviews with A. M. Appraisals
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews ought to "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." A. M. Appraisals provides appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call A. M. Appraisals today.
Appraisal reviews "must find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is accomplished ensures independence and quality," as stated by the Federal Reserve. Moreover, they "must demonstrate whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also states that "some institutions reinforce periodic reviews with post-funding assessments of appraisal quality for a few of their high-liability or larger-value dealings as a method to aid in identifying valuation dilemmas."
In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at A. M. Appraisals, we're experienced in every form of appraisal review, review practice and the obligations of review appraisers.
We are aware of what represents a quality appraisal and what the most frequent defects are, especially in our home market. The professionals at A. M. Appraisals are also adequately experienced to recognize that the competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to fairly study appraisal reports done by others. And those others may be reviewing our work, too!
For professional, unbiased, ethical appraisal review services and truthful judgments, you can depend on A. M. Appraisals. Contact A. M. Appraisals to learn more about our qualifications, expertise and service offerings.
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