Qualified Appraisal Reviews with Karen Mann & Associates - Appraisal and Expert Witness Services
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, independent real estate appraisal and evaluation plans," and that appraisers doing reviews ought to "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Karen Mann & Associates - Appraisal and Expert Witness Services, we provide appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "have to determine whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." Last, The Federal Reserve says that "some institutions add routine reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or high-value affairs as a control to help in addressing valuation complications."
In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are typically 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 Karen Mann & Associates - Appraisal and Expert Witness Services, we are qualified in all forms of appraisal reviews, review procedures and the obligations of review appraisers.
We realize what the biggest defects are, specifically in our real estate market. We also know what represents a quality appraisal. In this regard, we're experienced enough to identify that our competitors in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to justly valuate appraisal reports done by others. And those others could be reviewing our work, too!
In short, here at Karen Mann & Associates - Appraisal and Expert Witness Services, you can have confidence in our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Karen Mann & Associates - Appraisal and Expert Witness Services regarding our qualifications, expertise and services offered.