Appraisal ReviewsAccording to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation plans," and that appraisers doing reviews have to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are unbiased, expert, professional and in accordance with the Federal Reserve's regulations, just contact MAK-APPRAISAL. 
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call MAK-APPRAISAL today. Appraisal reviews "ought to decide whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the procedure by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. They "should also announce whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the capacity of the appraisal assignment." Last, The Federal Reserve says that "some institutions augment periodic reviews with post-funding assessments of appraisal quality for some of their higher-liability or high-value dealings as a method to assist in identifying valuation problems." In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at MAK-APPRAISAL, we are skilled in all forms of appraisal reviews, review processes and the obligations of review appraisers. We are aware of what makes a quality appraisal and what the most common weaknesses are, specifically in our housing market. At the same time, we are experienced enough to recognize that the competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to lawfully assess appraisal reports done by others. And those others may be evaluating our work, too! In short, here at MAK-APPRAISAL, you can be sure of our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact MAK-APPRAISAL for more information about our qualifications, expertise and services offered. |