Qualified Appraisal Reviews by Moye & Associates, Inc.
According to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers fulfilling reviews ought to "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Moye & Associates, Inc. provides appraisal review services that are unbiased, expert, professional and compliant with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact us today.
As stated by the Federal Reserve, appraisal reviews "must decide whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality." Moreover, they "must announce whether the appraisal or evaluation report matches the engagement letter, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve notes that "some financial institutions reinforce typical reviews with post-funding surveys of appraisal quality for some of their high-liability or greater-value dealings as a control to aid in identifying valuation disputes."
In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually 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. Here at Moye & Associates, Inc., we're experienced in every form of appraisal review, review practice and the responsibilities of review appraisers.
Moye & Associates, Inc. realizes what the most prevalent imperfections are, specifically in our real estate market. We also know what constitutes a quality appraisal. We're also amply skilled to identify that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Moye & Associates, Inc. to ethically study appraisal reports done by others. And those others may be evaluating our work, too!
You can trust Moye & Associates, Inc. for our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact Moye & Associates, Inc. to learn more about our qualifications, expertise and service offerings.