Quality Appraisal Reviews with Phoenix Valuations, LLCAccording to a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation procedures," and that appraisers fulfilling reviews must "have the proficiency and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." Phoenix Valuations, LLC provides appraisal review services that are independent, qualified, professional and square with the Federal Reserve's regulations. 
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call us today. According to the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is accomplished ensures independence and quality." They "should also indicate whether the appraisal or evaluation report matches the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also says that "some banks augment periodic reviews with post-funding assessments of appraisal quality for a few of their high-risk or greater-value contracts as a method to assist in uncovering valuation disputes." In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll formulate 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 Phoenix Valuations, LLC, we are experienced in all forms of appraisal reviews, review processes and the obligations of review appraisers. We are aware of what the most prevalent imperfections are, particularly in our housing market, as well as what makes a quality appraisal. The professionals at Phoenix Valuations, LLC are also adequately trained to identify that our competition 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 trust us to objectively evaluate appraisal reports completed by others. And those others could be studying our work, too! When you choose Phoenix Valuations, LLC, you can trust our truthful judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings. |