Appraisal Reviews with Matrix Appraisal, Inc
According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews should "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at Matrix Appraisal, Inc, we provide appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.
Appraisal reviews "have to find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the method by which the collateral valuation is acquired guarantees independence and quality," according to the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is even with the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions augment routine reviews with post-funding assessments of appraisal quality for some of their high-liability or higher-value transactions as a means to aid in identifying valuation concerns."
In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are mostly 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 Matrix Appraisal, Inc, we're skilled in every form of appraisal review, review procedure and the obligations of review appraisers.
We understand what the most common imperfections are, especially in our housing market, as well as what constitutes a quality appraisal. Concurrently, we are trained enough to distinguish that our competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust us to ethically valuate appraisal reports executed by others. And those others may be evaluating our work, too!
For professional, unbiased, ethical appraisal review services and honest judgments, you can depend on Matrix Appraisal, Inc. Contact Matrix Appraisal, Inc regarding our qualifications, expertise and service offerings.