Appraisal reviews “must find out whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is attained ensures independence and quality,” as stated by the Federal Reserve. They “should also announce whether the appraisal or evaluation report is true to the engagement letter, which gives an account of the range of the appraisal assignment.” Last, The Federal Reserve notes that “some institutions add typical reviews with post-funding evaluations of appraisal quality for a few of their high-risk or larger-value affairs as a control to help in addressing valuation concerns.”

You can depend on Joseph Mier & Associates for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Joseph Mier & Associates for more information regarding our qualifications, expertise and service offerings.

Joseph Mier & Associates knows what the most frequent imperfections are, specifically in our real estate market. We also understand what amounts to a quality appraisal. In the same regard, we are proficient enough to realize that the 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 Joseph Mier & Associates to fairly look over appraisal reports done by others. And those others could be examining our work, too!

In addition to conforming our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are primarily 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. Here at Joseph Mier & Associates, we are experienced in all forms of appraisal reviews, review procedures and the requirements of review appraisers.