Appraisal Reviews with American Appraisal, Inc.

According to a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At American Appraisal, Inc., we provide appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's rules.

If you need a real estate appraisal review or have questions in reference to an appraisal, call us today.

Appraisal reviews "have to conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is attained ensures independence and quality," according to the Federal Reserve. They "must also denote whether the appraisal or evaluation report is true to the letter of engagement, which gives an account of the range of the appraisal assignment." The Federal Reserve also notes that "some banks reinforce regular reviews with post-funding surveys of appraisal quality for a number of their high-risk or greater-value contracts as a means to help in identifying valuation complications."

In addition to adapting our work to the procedures and guidelines of our review customers, 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. Here at American Appraisal, Inc., we are qualified in every form of appraisal review, review practice and the responsibilities of review appraisers.

We're aware of what the most frequent weaknesses are, especially in our home market. We also understand what constitutes a quality appraisal. In the same sense, we're sufficiently skilled to identify that our competitors in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust American Appraisal, Inc. to ethically valuate appraisal reports performed by others. And those others might be examining our work, too!

For professional, objective, ethical appraisal review services and neutral judgments, you can rely on American Appraisal, Inc.. Contact us regarding our qualifications, expertise and service offerings.