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Expert Appraisal Reviews with Mark Neal Real Estate AppraisalsAs stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the obligation of appraisers producing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Mark Neal Real Estate Appraisals provides appraisal review services that are independent, expert, professional and square with the Federal Reserve's rules.A review appraisal has to ascertain: whether the original appraisal or evaluation is pertinent for the transaction, the liability inherit in the transaction, and whether the processes by which the real estate valuation is attained ensures independence and quality. In addition, they must show whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment. The Fed also notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we'll develop 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 Mark Neal Real Estate Appraisals, we're qualified in every type of appraisal review, review process and the requirements of review appraisers.
When you choose Mark Neal Real Estate Appraisals, you can be sure of our honest judgment, because we offer professional, objective, ethical appraisal review services for our customers. Contact us to learn more about our qualifications, expertise and services offered. |
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We know what amounts to a quality appraisal and what the most frequent imperfections are, specifically in our local housing market.
The professionals at Mark Neal Real Estate Appraisals are also skilled enough to respect that our competitors in our market are capable of doing a fine job.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to lawfully assess appraisal reports carried out by others. And those others could be studying our work, too!