Qualified Appraisal Reviews with Property Valuation Group
As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At Property Valuation Group, we provide appraisal review services that are unbiased, qualified, professional and in line with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.
Appraisal reviews "ought to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. They "should also indicate whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve states that "some institutions reinforce regular reviews with post-funding assessments of appraisal quality for any of their higher-liability or large-value dealings as a control to assist in uncovering valuation concerns."
In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Property Valuation Group, we're trained in every form of appraisal review, review process and the responsibilities of review appraisers.
We understand what the greatest inadequacies are, particularly in our real estate market. We also understand what represents a quality appraisal. We're also trained enough to recognize that the competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to lawfully review appraisal reports carried out by others. And those others may be evaluating our work, too!
Here at Property Valuation Group, you can count on our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.