Expert Appraisal Reviews by PAYNE Appraisal, LLC
As stated in an announcement by the Federal Reserve, "financial institutions must have effective, impartial real estate appraisal and evaluation plans," and that appraisers doing reviews must "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are independent, qualified, professional and square with the Federal Reserve's regulations, look no further than PAYNE Appraisal, LLC.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call PAYNE Appraisal, LLC today.
The Federal Reserve says appraisal reviews "have to determine whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is collected ensures independence and quality." In addition, they "must demonstrate whether the appraisal or evaluation report matches the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also notes that "some banks add typical reviews with post-funding surveys of appraisal quality for some of their higher-risk or larger-value dealings as a way to help in identifying valuation complications."
In addition to adjusting our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will develop 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 PAYNE Appraisal, LLC., we're trained in every type of appraisal review, review practice and the obligations of review appraisers.
We are familiar with what amounts to a quality appraisal and what the biggest weaknesses are, particularly in our home market. In the same regard, we're proficient enough to identify that the competitors in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust PAYNE Appraisal Group, inc. to objectively evaluate appraisal reports performed by others. And those others may be reviewing our work, too!
For professional, fair, ethical appraisal review services and independent judgments, you can count on PAYNE Appraisal, LLC. Contact PAYNE Appraisal, LLC for more information regarding our qualifications, expertise and service offerings.