Appraisal ReviewsAs said in a statement by the Federal Reserve, "financial institutions are required to have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, efficient, professional and in line with the Federal Reserve's guidelines, look no further than Mannion Appraisals. 
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, contact us today. As stated by the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality." Moreover, they "must show whether the appraisal or evaluation report matches the letter of engagement, which sets forth the scope of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement typical reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value affairs as a way to aid in exposing valuation concerns." In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are primarily used for review services, and we'll 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 Mannion Appraisals, we're experienced in all types of appraisal reviews, review practices and the obligations of review appraisers. Mannion Appraisals is aware of what amounts to a quality appraisal and what the most frequent defects are, especially in our housing market. In the same regard, we are trained enough to admit that the competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Mannion Appraisals to fairly valuate appraisal reports performed by others. And those others could be studying our work, too! In short, at Mannion Appraisals, you can rely on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Mannion Appraisals for more information regarding our qualifications, expertise and services offered. |