Appraisal Reviews with PSM Appraisals, LLCAs stated in an announcement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At PSM Appraisals, LLC, we provide appraisal review services that are objective, expert, professional and in line with the Federal Reserve's guidelines. 
If you need a real estate appraisal review or have questions in reference to an appraisal, call PSM Appraisals, LLC today. The Federal Reserve says appraisal reviews "have to find out whether the appraisal or evaluation is applicable for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is collected ensures independence and quality." They "should also signify whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the outlook of the appraisal assignment." Last, The Federal Reserve says that "some institutions reinforce regular reviews with post-funding evaluations of appraisal quality for a number of their higher-risk or higher-value contracts as a means to aid in uncovering valuation concerns." In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely 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. At PSM Appraisals, LLC, we are skilled in all types of appraisal reviews, review processes and the responsibilities of review appraisers. We are aware of what amounts to a quality appraisal and what the most prevalent defects are, especially in our housing market. In the same sense, we're trained enough to recognize that our competition in our market are capable of doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on us to fairly examine appraisal reports performed by others. And those others could be studying our work, too! For professional, objective, ethical appraisal review services and independent judgments, you can rely on PSM Appraisals, LLC. Contact us for more information regarding our qualifications, expertise and services offered. |