Appraisal Reviews with CMJ Appraisals & Investments LLC

As said in an announcement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." CMJ Appraisals & Investments LLC provides appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's rules.

If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact CMJ Appraisals & Investments LLC today.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is suitable for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. They "should also signify whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for any of their high-risk or higher-value affairs as a channel to assist in exposing valuation problems."

In addition to adjusting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will 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. At CMJ Appraisals & Investments LLC, we are experienced in all types of appraisal reviews, review procedures and the obligations of review appraisers.

CMJ Appraisals & Investments LLC knows what the greatest weaknesses are, particularly in our housing market. We also understand what makes a quality appraisal. The professionals at CMJ Appraisals & Investments LLC are also experienced enough to realize that our competition in our market are skillful in doing a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust us to objectively valuate appraisal reports done by others. And those others may be evaluating our work, too!

For professional, unbiased, ethical appraisal review services and honest judgments, you can depend on CMJ Appraisals & Investments LLC. Contact us for more information regarding our qualifications, expertise and services offered.