Qualified Appraisal Reviews with PSM Appraisals, LLC

According to an announcement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation plans," and that appraisers performing reviews have to "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's regulations, just contact PSM Appraisals, LLC.

Appraisal reviews "ought to conclude whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is even with the engagement letter, which describes the scope of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add routine reviews with post-funding surveys of appraisal quality for any of their high-risk or higher-value dealings as a control to assist in detecting valuation problems."

In addition to tailoring our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At PSM Appraisals, LLC, we are skilled in all types of appraisal reviews, review processes and the requirements of review appraisers.