Appraisal Reviews by MANDERFIELD APPRAISAL GROUP
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, expert, professional and square with the Federal Reserve's rules, just contact MANDERFIELD APPRAISAL GROUP.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call MANDERFIELD APPRAISAL GROUP today.
Appraisal reviews "ought to find out whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality," the Federal Reserve says. They "should also show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions supplement typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or higher-value affairs as a way to help in addressing valuation complications."
In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at MANDERFIELD APPRAISAL GROUP, we are qualified in all types of appraisal reviews, review practices and the obligations of review appraisers.
We are familiar with what amounts to a quality appraisal and what the biggest defects are, specifically in our home market. Concurrently, the professionals at MANDERFIELD APPRAISAL GROUP are amply experienced to respect that our competition in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly assess appraisal reports completed by others. And those others could be studying our work, too!
In short, at MANDERFIELD APPRAISAL GROUP, you can have confidence in our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact MANDERFIELD APPRAISAL GROUP to learn more about our qualifications, expertise and services offered.