Experienced Appraisal Reviews with Premier Appraisal of SoCal

According to an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Premier Appraisal of SoCal provides appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's rules.

If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call us today.

Appraisal reviews "must decide whether the appraisal or evaluation is suitable for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is obtained ensures independence and quality," as stated by the Federal Reserve. They "must also show whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement regular reviews with post-funding assessments of appraisal quality for any of their higher-risk or larger-value dealings as a channel to aid in exposing valuation concerns."

In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally 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 Premier Appraisal of SoCal, we are qualified in every kind of appraisal review, review process and the responsibilities of review appraisers.

Premier Appraisal of SoCal realizes what represents a quality appraisal and what the most prevalent deficiencies are, particularly in our real estate market. In this regard, the professionals at Premier Appraisal of SoCal are amply experienced to realize that the competition 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 rely on us to justly study appraisal reports done by others. And those others might be studying our work, too!

You can count on Premier Appraisal of SoCal for our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.