Qualified Appraisal Reviews by Real Property Metrics
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers completing reviews should "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are unbiased, qualified, professional and compliant with the Federal Reserve's regulations, contact Real Property Metrics.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Real Property Metrics today.
According to the Federal Reserve, appraisal reviews "have to figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is attained guarantees independence and quality." In addition, they "must signify whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the extent of the appraisal assignment." The Federal Reserve also states that "some financial institutions add typical reviews with post-funding assessments of appraisal quality for a few of their higher-risk or greater-value affairs as a control to help in identifying valuation dilemmas."
In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we'll 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 Real Property Metrics, we're qualified in all forms of appraisal reviews, review procedures and the obligations of review appraisers.
Real Property Metrics understands what constitutes a quality appraisal and what the greatest weaknesses are, specifically in our home market. The professionals at Real Property Metrics are also adequately trained to know that the competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Real Property Metrics to justly evaluate appraisal reports carried out by others. And those others could be studying our work, too!
You can rely on Real Property Metrics for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.