Qualified Appraisal Reviews by Mike Noble Appraisals

According to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Here at Mike Noble Appraisals, we provide appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's guidelines.

If you need a real estate appraisal review or have questions regarding an appraisal, contact us today.

Appraisal reviews "must decide whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. They "must also denote whether the appraisal or evaluation report is compatible with the engagement letter, which gives an account of the outlook of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions supplement typical reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value affairs as a means to assist in exposing valuation concerns."

In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we can prepare 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 Mike Noble Appraisals, we are experienced in all kinds of appraisal reviews, review processes and the requirements of review appraisers.

We are familiar with what the most frequent weaknesses are, specifically in our real estate market. We also understand what constitutes a quality appraisal. We're also trained enough to identify that our competitors in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust Mike Noble Appraisals to justly study appraisal reports completed by others. And those others may be evaluating our work, too!

At Mike Noble Appraisals, you can rely on our honest judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.