Appraisal Reviews with Moraski Real Estate Appraisals
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers performing reviews should "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at Moraski Real Estate Appraisals, we provide appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Moraski Real Estate Appraisals today.
The Federal Reserve says appraisal reviews "ought 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 guarantees independence and quality." They "must also announce whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions reinforce routine reviews with post-funding surveys of appraisal quality for some of their higher-liability or larger-value transactions as a way to aid in exposing valuation disputes."
In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll 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 Moraski Real Estate Appraisals, we're qualified in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers.
Moraski Real Estate Appraisals is aware of what the most frequent deficiencies are, especially in our home market. We also know what constitutes a quality appraisal. The professionals at Moraski Real Estate Appraisals are also adequately skilled to distinguish that the competitors in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Moraski Real Estate Appraisals to ethically valuate appraisal reports done by others. And those others might be examining our work, too!
Here at Moraski Real Estate Appraisals, you can have confidence in our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and service offerings.