Appraisal Reviews by People's Choice Appraisals

As said in a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At People's Choice Appraisals, we provide appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions regarding an appraisal, contact People's Choice Appraisals today.

Appraisal reviews "have to decide whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is attained guarantees independence and quality," the Federal Reserve says. They "should also demonstrate whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions augment routine reviews with post-funding surveys of appraisal quality for a number of their higher-risk or high-value dealings as a channel to aid in addressing valuation dilemmas."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll produce an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at People's Choice Appraisals, we're skilled in every kind of appraisal review, review practice and the obligations of review appraisers.

We know what constitutes a quality appraisal and what the biggest weaknesses are, specifically in our housing market. In the same sense, we are amply experienced to distinguish that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to fairly valuate appraisal reports carried out by others. And those others may be reviewing our work, too!

You can trust People's Choice Appraisals for our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.