TXMetro Property Group LLC Appraisal Reviews
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers doing reviews ought to "have the proficiency and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." TXMetro Property Group LLC provides appraisal review services that are objective, qualified, professional and square with the Federal Reserve's regulations.
If you have questions about an appraisal, or if you need a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "should find out whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is attained guarantees independence and quality." In addition, they "should indicate whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the range of the appraisal assignment." Last, The Federal Reserve states that "some institutions supplement typical reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or larger-value dealings as a way to aid in identifying valuation dilemmas."
In addition to conforming our work to the processes and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at TXMetro Property Group LLC, we're qualified in every form of appraisal review, review procedure and the responsibilities of review appraisers.
We understand what constitutes a quality appraisal and what the most common deficiencies are, particularly in our real estate market. The professionals at TXMetro Property Group LLC are also experienced enough to realize that our competitors in our market are capable of doing good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust TXMetro Property Group LLC to lawfully assess appraisal reports executed by others. And those others could be reviewing our work, too!
In short, here at TXMetro Property Group LLC, you can count on our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact TXMetro Property Group LLC regarding our qualifications, expertise and services offered.