Experienced Appraisal Reviews by MANDERFIELD APPRAISAL GROUP
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews have to "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." MANDERFIELD APPRAISAL GROUP provides appraisal review services that are independent, qualified, professional and in accordance with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today.
According to the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality." In addition, they "should signify whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the scope of the appraisal assignment." The Federal Reserve also notes that "some banks augment typical reviews with post-funding assessments of appraisal quality for any of their higher-liability or high-value transactions as a channel to help in discovering valuation dilemmas."
In addition to tailoring our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we'll prepare an appraisal review on any one 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 every form of appraisal review, review procedure and the requirements of review appraisers.
We are familiar with what the biggest weaknesses are, specifically in our housing market, as well as what amounts to a quality appraisal. The professionals at MANDERFIELD APPRAISAL GROUP are 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 as well as appraisal reports, and you can count on MANDERFIELD APPRAISAL GROUP to justly assess appraisal reports completed by others. And those others may be examining our work, too!
In short, here at MANDERFIELD APPRAISAL GROUP, you can trust our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.