For appraisal review services in Clark, contact Appraisal Associates, LLC

Skilled Appraisal Reviews with Appraisal Associates, LLC

As stated in an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers engaged in reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Appraisal Associates, LLC provides appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's guidelines. Michael W. Martin, the owner of Appraisal Associates, LLC, has been awarded the prestigeous Certified Appraisal Reviewer certification by the National Association of Independent Fee Appraisers.

The purpose of appraisal reviews are to find out: whether the original appraisal or evaluation is appropriate for the transaction, the exposure inherit in the transaction, and whether the manner by which the real estate valuation is rendered ensures independence and quality. Moreover, they should denote whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the outlook of the appraisal assignment. Lastly, the Fed notes 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".


	If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, call us today.

In addition to adapting our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we can prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Appraisal Associates, LLC, we are skilled in all types of appraisal reviews, review processes and the obligations of review appraisers.

For appraisal review services in Clark, contact Appraisal Associates, LLC We are aware of what the typical report inadequacies are, particularly in our real estate market, as well as what represents a quality appraisal. The professionals at Appraisal Associates, LLC are also skilled enough to distinguish that our competition in our market are qualified to do quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to justly study appraisal reports carried out by others. And those others might be examining our work, too!

In short, at Appraisal Associates, LLC, you can have confidence in our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Appraisal Associates, LLC for more information about our qualifications, expertise and service offerings.