Experienced Appraisal Reviews with CMJ Appraisals & Investments LLC
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews are obligated to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." CMJ Appraisals & Investments LLC provides appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact CMJ Appraisals & Investments LLC today.
The Federal Reserve says appraisal reviews "must decide whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality." In addition, they "must denote whether the appraisal or evaluation report matches the engagement letter, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve states that "some financial institutions reinforce routine reviews with post-funding surveys of appraisal quality for a few of their higher-risk or greater-value transactions as a control to help in detecting valuation disputes."
In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we'll develop 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 CMJ Appraisals & Investments LLC, we are trained in all kinds of appraisal reviews, review procedures and the responsibilities of review appraisers.
We understand what makes a quality appraisal and what the most frequent imperfections are, particularly in our housing market. In the same regard, we're professional enough to realize that our competitors in our market are capable of good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust CMJ Appraisals & Investments LLC to fairly look over appraisal reports performed by others. And those others could be reviewing our work, too!
In short, here at CMJ Appraisals & Investments LLC, you can have confidence in our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and services offered.