Appraisal Reviews with PSM Appraisals, LLC

As stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation plan," and that appraisers doing reviews have to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's regulations, contact PSM Appraisals, LLC.

If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today.

Appraisal reviews "have to determine whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is collected ensures independence and quality," as stated by the Federal Reserve. In addition, they "should denote whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the scope of the appraisal assignment." The Federal Reserve also states that "some institutions reinforce typical reviews with post-funding evaluations of appraisal quality for any of their higher-risk or higher-value affairs as a channel to help in addressing valuation concerns."

In addition to tailoring our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we will 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're trained in every kind of appraisal review, review practice and the obligations of review appraisers.

We know what the most prevalent defects are, especially in our housing market. We also understand what amounts to a quality appraisal. The professionals at PSM Appraisals, LLC are also trained enough to realize that our competitors in our market are capable of doing a fine 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 justly look over appraisal reports done by others. And those others might be studying our work, too!

You can count on PSM Appraisals, LLC for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact PSM Appraisals, LLC to learn more about our qualifications, expertise and services offered.