Appraisal Reviews with Vince Mazure
According to a statement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews are obligated to "have the knowledge and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." At Vince Mazure, we provide appraisal review services that are objective, expert, professional and in accordance with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions about an appraisal, call us today.
The Federal Reserve says appraisal reviews "should determine 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 accomplished ensures independence and quality." In addition, they "must indicate whether the appraisal or evaluation report is true to the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add routine reviews with post-funding assessments of appraisal quality for any of their high-liability or higher-value contracts as a method to assist in identifying valuation problems."
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we will formulate an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Vince Mazure, we're qualified in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.
We are familiar with what the most prevalent defects are, particularly in our housing market. We also understand what represents a quality appraisal. The professionals at Vince Mazure are also sufficiently trained to know that our competition in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Vince Mazure to justly examine appraisal reports done by others. And those others could be reviewing our work, too!
Here at Vince Mazure, you can have confidence in our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.