Appraisal Reviews with Property Valuation Group
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation programs," and that appraisers performing reviews ought to "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Property Valuation Group, we provide appraisal review services that are objective, expert, professional and square with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must denote whether the appraisal or evaluation report matches the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks reinforce periodic reviews with post-funding surveys of appraisal quality for a few of their higher-liability or greater-value contracts as a way to help in uncovering valuation issues."
In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we will formulate 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 Property Valuation Group, we're skilled in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.
Property Valuation Group knows what amounts to a quality appraisal and what the most frequent deficiencies are, especially in our home market. At the same time, we're trained enough to distinguish that the competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to fairly assess appraisal reports done by others. And those others could be evaluating our work, too!
You can count on Property Valuation Group for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.