Appraisal Reviews by Pollock Appraisal Group, LLCAs said in a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers performing reviews should "have the ability and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Pollock Appraisal Group, LLC provides appraisal review services that are objective, efficient, professional and compliant 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 us today. According to the Federal Reserve, appraisal reviews "ought to figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is collected ensures independence and quality." In addition, they "should indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some banks add routine reviews with post-funding evaluations of appraisal quality for a few of their high-liability or greater-value transactions as a control to aid in revealing valuation problems." In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can 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. At Pollock Appraisal Group, LLC, we are qualified in all types of appraisal reviews, review practices and the obligations of review appraisers. We are aware of what the most prevalent defects are, specifically in our housing market, as well as what amounts to a quality appraisal. In the same regard, the professionals at Pollock Appraisal Group, LLC are amply trained to acknowledge that our competition in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Pollock Appraisal Group, LLC to ethically examine appraisal reports done by others. And those others could be examining our work, too! In short, when you choose Pollock Appraisal Group, LLC, you can count on our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered. |