R.M. Rose Appraisal Reviews

As stated in an announcement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation procedures," and that appraisers doing reviews are obligated to "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, efficient, professional and in line with the Federal Reserve's regulations, look no further than R.M. Rose.

If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call R.M. Rose today.

The Federal Reserve says appraisal reviews "must find out whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the practices by which the collateral valuation is attained guarantees independence and quality." In addition, they "must indicate whether the appraisal or evaluation report is consistent with the engagement letter, which describes the scope of the appraisal assignment." The Federal Reserve also states that "some institutions augment periodic reviews with post-funding surveys of appraisal quality for some of their higher-risk or large-value transactions as a way to assist in identifying valuation concerns."

In addition to tailoring our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At R.M. Rose, we are qualified in all kinds of appraisal reviews, review processes and the requirements of review appraisers.

We realize what the most prevalent defects are, particularly in our home market. We also know what represents a quality appraisal. In the same regard, we are amply trained to know that our competition in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to justly assess appraisal reports completed by others. And those others could be reviewing our work, too!

In short, when you choose R.M. Rose, you can rely on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact R.M. Rose for more information about our qualifications, expertise and service offerings.