Appraisal Reviews by R.M. Rose

According to an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers doing reviews are obligated to "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." R.M. Rose provides appraisal review services that are objective, efficient, professional and square with the Federal Reserve's rules.

If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact R.M. Rose today.

According to the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is applicable for the transaction, the danger of the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality." In addition, they "must announce whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the scope of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions augment regular reviews with post-funding evaluations of appraisal quality for some of their high-risk or large-value affairs as a method to assist in identifying valuation complications."

In addition to adjusting our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are widely 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 R.M. Rose, we're experienced in all forms of appraisal reviews, review processes and the requirements of review appraisers.

We know what makes a quality appraisal and what the biggest imperfections are, particularly in our housing market. We're also experienced enough to know that the competition in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust R.M. Rose to ethically review appraisal reports completed by others. And those others might be studying our work, too!

You can depend on R.M. Rose for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact R.M. Rose for more information regarding our qualifications, expertise and service offerings.