Experienced Appraisal Reviews with Pierce Appraisal
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation procedures," and that appraisers doing reviews must "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's regulations, look no further than Pierce Appraisal.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call us today.
The Federal Reserve says appraisal reviews "should conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is obtained guarantees independence and quality." They "must also announce whether the appraisal or evaluation report matches the letter of engagement, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some banks add typical reviews with post-funding assessments of appraisal quality for a number of their high-liability or larger-value dealings as a way to assist in revealing valuation disputes."
In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll 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 Pierce Appraisal, we're skilled in every kind of appraisal review, review process and the requirements of review appraisers.
Pierce Appraisal knows what the biggest weaknesses are, particularly in our home market, as well as what represents a quality appraisal. In the same sense, we are proficient enough to distinguish that our competitors in our market are able to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Pierce Appraisal to justly review appraisal reports performed by others. And those others may be evaluating our work, too!
Here at Pierce Appraisal, you can rely on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Pierce Appraisal for more information regarding our qualifications, expertise and service offerings.