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Quality Appraisal Reviews with Premier Appraisal GroupAccording to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers preparing reviews must "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Premier Appraisal Group, we provide appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's rules.A review appraisal should detect: whether the original appraisal or evaluation is applicable for the transaction, the liability inherit in the transaction, and whether the method by which the property valuation is rendered guarantees independence and quality. They should also demonstrate whether the appraisal or evaluation report is in line with the letter of engagement, which gives an account of the extent of the appraisal assignment. The Fed notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll formulate 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 Premier Appraisal Group, we're trained in every form of appraisal review, review procedure and the requirements of review appraisers.
You can depend on Premier Appraisal Group for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Premier Appraisal Group for more information regarding our qualifications, expertise and services offered. |
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We understand what the biggest reporting inadequacies are, particularly in our home market. We also understand what makes a quality appraisal.
We're also experienced enough to know that the competition in our market are qualified to do a fine job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to lawfully valuate appraisal reports done by others. And those others may be evaluating our work, too!