Experienced Appraisal Reviews by JML Appraisal ServicesAccording to a statement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." JML Appraisal Services provides appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's guidelines. 
If you have questions about an appraisal, or if you need a real estate appraisal review, contact us today. Appraisal reviews "have to decide whether the appraisal or evaluation is relevant for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality," according to the Federal Reserve. They "must also signify whether the appraisal or evaluation report matches the engagement letter, which gives an account of the capacity of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement typical reviews with post-funding evaluations of appraisal quality for a few of their high-risk or large-value transactions as a way to assist in detecting 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 usually used for review services, and we can 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 JML Appraisal Services, we're skilled in all kinds of appraisal reviews, review procedures and the requirements of review appraisers. JML Appraisal Services realizes what constitutes a quality appraisal and what the most common defects are, particularly in our real estate market. At the same time, we're skilled enough to admit that the competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to ethically assess appraisal reports carried out by others. And those others may be studying our work, too! In short, here at JML Appraisal Services, you can trust our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact JML Appraisal Services to learn more about our qualifications, expertise and services offered. |
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