Appraisal Reviews by M. A. V. Appraisal ServicesAccording to a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the ability and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At M. A. V. Appraisal Services, we provide appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's rules. 
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call us today. Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. Moreover, they "must signify whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions augment periodic reviews with post-funding evaluations of appraisal quality for any of their high-risk or greater-value dealings as a method to aid in uncovering valuation dilemmas." In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can 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 M. A. V. Appraisal Services, we're trained in every form of appraisal review, review process and the obligations of review appraisers. M. A. V. Appraisal Services understands what the most frequent inadequacies are, especially in our housing market. We also know what amounts to a quality appraisal. In the same regard, we're professional enough to realize that our competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on M. A. V. Appraisal Services to justly review appraisal reports completed by others. And those others may be examining our work, too! In short, at M. A. V. Appraisal Services, you can rely on our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact M. A. V. Appraisal Services to learn more about our qualifications, expertise and service offerings. |