Appraisal Reviews by Matanzas Appraisal of Volusia, Inc.According to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers doing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Matanzas Appraisal of Volusia, Inc. provides appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's rules.
The purpose of appraisal reviews are to ascertain: whether the original appraisal or evaluation is applicable for the transaction, the exposure inherit in the transaction, and whether the manner by which the real estate valuation is obtained ensures independence and quality. Moreover, they must signify whether the appraisal or evaluation report is in line with the letter of engagement, which gives an account of the outlook of the appraisal assignment. The Fed states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are normally used for review services, and we will 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 Matanzas Appraisal of Volusia, Inc., we're experienced in all types of appraisal reviews, review practices and the requirements of review appraisers.
Matanzas Appraisal of Volusia, Inc. understands what the biggest reporting deficiencies are, specifically in our home market. We also understand what makes a quality appraisal. In the same regard, we are adequately skilled to acknowledge that the competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on Matanzas Appraisal of Volusia, Inc. to objectively valuate appraisal reports carried out by others. And those others might be studying our work, too!
In short, here at Matanzas Appraisal of Volusia, Inc., you can count on our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Matanzas Appraisal of Volusia, Inc. for more information about our qualifications, expertise and services offered.