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Skilled Appraisal Reviews with Moore Appraisals, IncAs said in a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the call of appraisers engaged in reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Moore Appraisals, Inc, we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's regulations.The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is well-suited for the transaction, the risk inherit in the transaction, and whether the means by which the collateral valuation is acquired guarantees independence and quality. Moreover, they must indicate whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the extent of the appraisal assignment. The Federal Reserve also says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can develop 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 Moore Appraisals, Inc, we are trained in all forms of appraisal reviews, review practices and the requirements of review appraisers.
At Moore Appraisals, Inc, you can rely on our truthful judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings. |
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We are familiar with what makes a quality appraisal and what the most frequent errors are, especially for reports in our home market.
The professionals at Moore Appraisals, Inc are also skilled enough to recognize that our competition in our market are capable of good work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Moore Appraisals, Inc to objectively valuate appraisal reports completed by others. And those others might be evaluating our work, too!