Premier 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 ought to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's regulations, just contact Premier Appraisals, Inc..
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact Premier Appraisals, Inc. today.
The Federal Reserve says appraisal reviews "ought to find out whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is obtained guarantees independence and quality." They "must also demonstrate whether the appraisal or evaluation report is even with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions augment regular reviews with post-funding surveys of appraisal quality for a few of their high-liability or higher-value dealings as a way to help in addressing valuation problems."
In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we will prepare 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 Premier Appraisals, Inc., we're skilled in every form of appraisal review, review process and the requirements of review appraisers.
We know what represents a quality appraisal and what the most prevalent weaknesses are, particularly in our home market. Concurrently, we are sufficiently trained to identify that the competition in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Premier Appraisals, Inc. to ethically study appraisal reports completed by others. And those others may be evaluating our work, too!
You can count on Premier Appraisals, Inc. for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and service offerings.