Appraisal Reviews by Premier Appraisal of SoCalAccording to an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews must "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Premier Appraisal of SoCal, we provide appraisal review services that are objective, efficient, professional and square with the Federal Reserve's rules. 
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today. As stated by the Federal Reserve, appraisal reviews "must determine whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is accomplished ensures independence and quality." In addition, they "must demonstrate whether the appraisal or evaluation report matches the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions supplement routine reviews with post-funding evaluations of appraisal quality for a number of their high-liability or large-value dealings as a control to help in exposing valuation disputes." In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Premier Appraisal of SoCal, we're experienced in all forms of appraisal reviews, review procedures and the requirements of review appraisers. Premier Appraisal of SoCal understands what the most common defects are, specifically in our housing market. We also know what constitutes a quality appraisal. The professionals at Premier Appraisal of SoCal are also amply trained to realize that our competition in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to lawfully study appraisal reports completed by others. And those others may be studying our work, too! In short, here at Premier Appraisal of SoCal, you can rely on our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered. |