Qualified Appraisal Reviews by Mike Humfleet Appraisal ServiceAs stated in an announcement by the Federal Reserve, "financial institutions are required to have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews ought to "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Mike Humfleet Appraisal Service, we provide appraisal review services that are unbiased, qualified, professional and in accordance with the Federal Reserve's guidelines. 
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call Mike Humfleet Appraisal Service today. Appraisal reviews "ought to decide whether the appraisal or evaluation is appropriate for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. They "should also show whether the appraisal or evaluation report matches the engagement letter, which gives an account of the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions augment 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 uncovering valuation complications." In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Mike Humfleet Appraisal Service, we are trained in all kinds of appraisal reviews, review processes and the requirements of review appraisers. Mike Humfleet Appraisal Service is aware of what the most frequent imperfections are, especially in our home market, as well as what constitutes a quality appraisal. Concurrently, the professionals at Mike Humfleet Appraisal Service are sufficiently trained to realize that our competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Mike Humfleet Appraisal Service to fairly evaluate appraisal reports executed by others. And those others might be examining our work, too! In short, here at Mike Humfleet Appraisal Service, you can rely on our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Mike Humfleet Appraisal Service for more information regarding our qualifications, expertise and services offered. |