Expert Appraisal Reviews by MaxAppraisals, LLC
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's guidelines, look no further than MaxAppraisals, LLC.
If you need a real estate appraisal review or have questions regarding an appraisal, call MaxAppraisals, LLC today.
Appraisal reviews "must decide whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. They "should also demonstrate whether the appraisal or evaluation report is even with the letter of engagement, which sets forth the scope of the appraisal assignment." The Federal Reserve also notes that "some institutions reinforce routine reviews with post-funding assessments of appraisal quality for any of their high-liability or larger-value dealings as a method to assist in exposing valuation dilemmas."
In addition to conforming our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At MaxAppraisals, LLC, we're experienced in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.
MaxAppraisals, LLC knows what the most common inadequacies are, specifically in our real estate market. We also understand what amounts to a quality appraisal. Concurrently, we are trained enough to realize that the competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically evaluate appraisal reports carried out by others. And those others may be examining our work, too!
You can trust MaxAppraisals, LLC for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.