Appraisal Reviews with McMahon, Baldwin and Associates, Inc
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." At McMahon, Baldwin and Associates, Inc, we provide appraisal review services that are unbiased, expert, professional and in line with the Federal Reserve's regulations.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call McMahon, Baldwin and Associates, Inc today.
Appraisal reviews "ought to find out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is attained guarantees independence and quality," according to the Federal Reserve. In addition, they "must show whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement regular reviews with post-funding surveys of appraisal quality for any of their high-liability or larger-value affairs as a method to help in discovering valuation issues."
In addition to tailoring our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can 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. Here at McMahon, Baldwin and Associates, Inc, we are skilled in all kinds of appraisal reviews, review processes and the obligations of review appraisers.
McMahon, Baldwin and Associates, Inc knows what constitutes a quality appraisal and what the biggest defects are, especially in our housing market. Concurrently, the professionals at McMahon, Baldwin and Associates, Inc are sufficiently trained to distinguish that the competition in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust McMahon, Baldwin and Associates, Inc to objectively review appraisal reports completed by others. And those others could be reviewing our work, too!
You can count on McMahon, Baldwin and Associates, Inc for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact us for more information regarding our qualifications, expertise and services offered.