Qualified Appraisal Reviews with Mike Noble Appraisals
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers completing reviews ought to "have the proficiency and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Mike Noble Appraisals provides appraisal review services that are independent, expert, professional and compliant with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.
According to the Federal Reserve, appraisal reviews "ought to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the manner by which the collateral valuation is acquired ensures independence and quality." They "must also denote whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add routine reviews with post-funding surveys of appraisal quality for a number of their high-risk or higher-value affairs as a control to aid in identifying valuation dilemmas."
In addition to tailoring our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely 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. Here at Mike Noble Appraisals, we are experienced in every form of appraisal review, review process and the obligations of review appraisers.
Mike Noble Appraisals is aware of what the most frequent defects are, particularly in our real estate market. We also know what amounts to a quality appraisal. In the same sense, we are adequately skilled to respect that our competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on Mike Noble Appraisals to lawfully examine appraisal reports done by others. And those others may be examining our work, too!
In short, when you choose Mike Noble Appraisals, you can have confidence in our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.