Experienced Appraisal Reviews by Joseph Mier & Associates

According to a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews ought to "have the familiarity and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." If you need appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's regulations, look no further than Joseph Mier & Associates.

Appraisal reviews "ought to verify whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is acquired guarantees independence and quality," the Federal Reserve says. They "must also signify whether the appraisal or evaluation report matches the letter of engagement, which sets forth the extent of the appraisal assignment." The Federal Reserve also says that "some banks add typical reviews with post-funding evaluations of appraisal quality for a few of their higher-risk or high-value transactions as a means to help in uncovering valuation problems."

In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we'll prepare 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 Joseph Mier & Associates, we are qualified in every kind of appraisal review, review procedure and the obligations of review appraisers.