MANDERFIELD APPRAISAL GROUP Appraisal Reviews
According to an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews ought to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal regulations and guidelines." MANDERFIELD APPRAISAL GROUP provides appraisal review services that are unbiased, qualified, professional and square 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 "should figure out whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the process by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. In addition, they "should announce whether the appraisal or evaluation report is even with the engagement letter, which sets forth the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment routine reviews with post-funding surveys of appraisal quality for a number of their high-risk or high-value contracts as a way to aid in revealing valuation problems."
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are usually 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 MANDERFIELD APPRAISAL GROUP, we're experienced in every type of appraisal review, review process and the requirements of review appraisers.
We realize what the greatest defects are, especially in our home market, as well as what represents a quality appraisal. We're also experienced enough to admit that the competitors in our market are skillful in doing a fine job. 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 lawfully study appraisal reports completed by others. And those others could be evaluating our work, too!
You can trust MANDERFIELD APPRAISAL GROUP for our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact MANDERFIELD APPRAISAL GROUP regarding our qualifications, expertise and services offered.