Experienced Appraisal Reviews by People's Choice AppraisalsAccording to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's regulations, look no further than People's Choice Appraisals. 
If you're in the need of a real estate appraisal review or have questions about an appraisal, contact People's Choice Appraisals today. The Federal Reserve says appraisal reviews "should decide whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is obtained ensures independence and quality." They "should also denote whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions supplement periodic reviews with post-funding evaluations of appraisal quality for any of their higher-liability or greater-value contracts as a channel to assist in uncovering valuation issues." In addition to adapting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll 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 People's Choice Appraisals, we are trained in every type of appraisal review, review process and the obligations of review appraisers. People's Choice Appraisals knows what amounts to a quality appraisal and what the greatest defects are, particularly in our home market. In this regard, we are sufficiently trained to recognize that our competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on People's Choice Appraisals to objectively assess appraisal reports completed by others. And those others may be reviewing our work, too! When you choose People's Choice Appraisals, you can have confidence in our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact People's Choice Appraisals to learn more about our qualifications, expertise and service offerings. |