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Appraisal Reviews with Mathews Appraisal, IncAccording to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the responsibility of appraisers fulfilling reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Mathews Appraisal, Inc provides appraisal review services that are impartial, qualified, professional and in line with the Federal Reserve's regulations.The purpose of appraisal reviews are to reveal: whether the original appraisal or evaluation is well-suited for the transaction, the risk inherit in the transaction, and whether the method by which the real estate valuation is attained guarantees independence and quality. They must also signify whether the appraisal or evaluation report matches the letter of engagement, which describes the depth of the appraisal assignment. The Federal Reserve also notes 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 conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically 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. At Mathews Appraisal, Inc, we're skilled in every kind of appraisal review, review process and the obligations of review appraisers.
When you choose Mathews Appraisal, Inc, you can have confidence in our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Mathews Appraisal, Inc regarding our qualifications, expertise and service offerings. |
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We know what the biggest reporting inadequacies are, specifically in our real estate market. We also know what represents a quality appraisal.
At the same time, we're trained enough to distinguish that the competitors in our market are skillful in doing good work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on us to justly assess appraisal reports performed by others. And those others may be examining our work, too!