Appraisal Reviews with American Appraisal, Inc.

As stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and square with the Federal Reserve's guidelines, look no further than American Appraisal, Inc..

If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.

Appraisal reviews "ought to determine whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is accomplished guarantees independence and quality," the Federal Reserve says. Moreover, they "should announce whether the appraisal or evaluation report is true to the engagement letter, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks reinforce regular reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value contracts as a method to aid in discovering valuation problems."

In addition to adjusting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At American Appraisal, Inc., we are experienced in all types of appraisal reviews, review procedures and the obligations of review appraisers.

American Appraisal, Inc. knows what the most frequent weaknesses are, especially in our housing market, as well as what makes a quality appraisal. The professionals at American Appraisal, Inc. are also skilled enough to distinguish that the competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on American Appraisal, Inc. to fairly assess appraisal reports carried out by others. And those others may be studying our work, too!

For professional, impartial, ethical appraisal review services and neutral judgments, you can rely on American Appraisal, Inc.. Contact American Appraisal, Inc. for more information about our qualifications, expertise and service offerings.