Appraisal Reviews with Premier Appraisals, Inc.

According to an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews must "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." Premier Appraisals, Inc. provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's guidelines.

If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call Premier Appraisals, Inc. today.

Appraisal reviews "must figure out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the method by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. In addition, they "should denote whether the appraisal or evaluation report is true to the engagement letter, which describes the scope of the appraisal assignment." The Federal Reserve also says that "some banks add routine reviews with post-funding assessments of appraisal quality for a number of their higher-risk or large-value contracts as a means to assist in exposing valuation dilemmas."

In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we can 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. Here at Premier Appraisals, Inc., we are trained in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.

We are aware of what the biggest inadequacies are, especially in our home market, as well as what constitutes a quality appraisal. At the same time, the professionals at Premier Appraisals, Inc. are amply trained to realize that our competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Premier Appraisals, Inc. to justly evaluate appraisal reports executed by others. And those others might be studying our work, too!

For professional, objective, ethical appraisal review services and neutral judgments, you can count on Premier Appraisals, Inc.. Contact Premier Appraisals, Inc. to learn more about our qualifications, expertise and service offerings.