Experienced Appraisal Reviews with PSM Appraisals, LLCAccording to a statement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation program," and that appraisers completing reviews have to "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations, contact PSM Appraisals, LLC. 
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call PSM Appraisals, LLC today. As stated by the Federal Reserve, appraisal reviews "must find out whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is obtained ensures independence and quality." In addition, they "should announce whether the appraisal or evaluation report is even with the engagement letter, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions reinforce routine reviews with post-funding assessments of appraisal quality for any of their higher-risk or larger-value affairs as a means to aid in exposing valuation problems." In addition to adapting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are widely 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 PSM Appraisals, LLC, we are qualified in all forms of appraisal reviews, review processes and the responsibilities of review appraisers. We're aware of what amounts to a quality appraisal and what the most prevalent deficiencies are, particularly in our housing market. In this regard, we are amply experienced to know that our competition 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 PSM Appraisals, LLC to objectively look over appraisal reports executed by others. And those others may be examining our work, too! You can rely on PSM Appraisals, LLC for our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact PSM Appraisals, LLC regarding our qualifications, expertise and service offerings. |