Appraisal Reviews with MANDERFIELD APPRAISAL GROUP
According to a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers fulfilling reviews should "have the ability and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at MANDERFIELD APPRAISAL GROUP, we provide appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, call MANDERFIELD APPRAISAL GROUP today.
Appraisal reviews "must verify whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. In addition, they "must show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the range of the appraisal assignment." The Federal Reserve also says that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for some of their higher-risk or greater-value affairs as a method to help in addressing valuation problems."
In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are primarily 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. Here at MANDERFIELD APPRAISAL GROUP, we are trained in every form of appraisal review, review process and the obligations of review appraisers.
MANDERFIELD APPRAISAL GROUP is aware of what constitutes a quality appraisal and what the most prevalent imperfections are, especially in our housing market. In this regard, the professionals at MANDERFIELD APPRAISAL GROUP are sufficiently skilled to distinguish that our competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on MANDERFIELD APPRAISAL GROUP to fairly examine appraisal reports executed by others. And those others could be reviewing our work, too!
For professional, fair, ethical appraisal review services and truthful judgments, you can rely on MANDERFIELD APPRAISAL GROUP. Contact MANDERFIELD APPRAISAL GROUP regarding our qualifications, expertise and services offered.