Experienced Appraisal Reviews with Metro AppraisalsAccording to a statement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's regulations, contact Metro Appraisals. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact Metro Appraisals today. As stated by the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is collected guarantees independence and quality." They "should also denote whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions reinforce regular reviews with post-funding assessments of appraisal quality for any of their high-risk or greater-value transactions as a method to aid in discovering valuation complications." In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will develop 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 Metro Appraisals, we're qualified in all types of appraisal reviews, review procedures and the obligations of review appraisers. We are aware of what the most common inadequacies are, specifically in our housing market, as well as what amounts to a quality appraisal. In this regard, we're adequately trained to recognize that the competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to objectively valuate appraisal reports performed by others. And those others could be studying our work, too! For professional, impartial, ethical appraisal review services and neutral judgments, you can depend on Metro Appraisals. Contact us for more information regarding our qualifications, expertise and service offerings. |