Appraisal Reviews by MLB Appraisal and AssociatesAccording to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation program," and that appraisers fulfilling reviews are obligated to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." MLB Appraisal and Associates provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations. 
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today. Appraisal reviews "should decide whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the methods by which the collateral valuation is collected ensures independence and quality," according to the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report matches the engagement letter, which sets forth the extent of the appraisal assignment." The Federal Reserve also notes that "some institutions add regular reviews with post-funding surveys of appraisal quality for any of their higher-risk or larger-value affairs as a method to aid in identifying valuation complications." In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we can produce 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 MLB Appraisal and Associates, we're experienced in all kinds of appraisal reviews, review processes and the obligations of review appraisers. We are aware of what the most frequent weaknesses are, specifically in our real estate market. We also understand what constitutes a quality appraisal. Concurrently, we are professional enough to acknowledge that our competitors in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on MLB Appraisal and Associates to lawfully review appraisal reports executed by others. And those others might be evaluating our work, too! In short, when you choose MLB Appraisal and Associates, you can have confidence in our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact MLB Appraisal and Associates to learn more about our qualifications, expertise and service offerings. |