For appraisal review services in Montgomery, contact Custom Appraisals

Appraisal Reviews by Custom Appraisals

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 doing reviews ought to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Here at Custom Appraisals, we provide appraisal review services that are independent, efficient, professional and compliant with the Federal Reserve's regulations.

The purpose of appraisal reviews are to ascertain: whether the original appraisal or evaluation is appropriate for the transaction, the exposure inherit in the transaction, and whether the processes by which the real estate valuation is attained ensures independence and quality. They should also indicate whether the appraisal or evaluation report is in line with the letter of engagement, which describes the scope of the appraisal assignment. The Federal Reserve also goes on to say 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're in the need of a real estate appraisal review or have questions regarding an appraisal, contact us today.

In addition to adjusting our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are typically used for review services, and we will 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 Custom Appraisals, we are trained in every type of appraisal review, review procedure and the responsibilities of review appraisers.

For appraisal review services in Montgomery, contact Custom Appraisals We realize what amounts to a quality appraisal and what the biggest deficiencies are, specifically in our local real estate market. The professionals at Custom Appraisals are also amply trained to respect that our competition in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to ethically study appraisal reports performed by others. And those others may be studying our work, too!

You can rely on Custom Appraisals for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and services offered.