Quality Appraisal Reviews by Property Valuation GroupAccording to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation programs," and that appraisers fulfilling reviews have to "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Property Valuation Group, we provide appraisal review services that are independent, expert, professional and square with the Federal Reserve's guidelines. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today. Appraisal reviews "should verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. They "must also indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the range of the appraisal assignment." The Federal Reserve also notes that "some banks reinforce typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or greater-value affairs as a control to help in discovering valuation disputes." In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we can 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. We are familiar with what the biggest weaknesses are, especially in our real estate market. We also know what constitutes a quality appraisal. In the same regard, we are professional enough to identify that the competition in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Property Valuation Group to fairly valuate appraisal reports completed by others. And those others could be reviewing our work, too! When you choose Property Valuation Group, you can have confidence in our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Property Valuation Group to learn more about our qualifications, expertise and services offered. |