Quality Appraisal Reviews with Gonzalez Appraisal Group

According to an announcement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the ability and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Gonzalez Appraisal Group provides appraisal review services that are unbiased, qualified, professional and square 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 us today.

Appraisal reviews "ought to find out whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is obtained guarantees independence and quality," according to the Federal Reserve. They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the scope of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks add routine reviews with post-funding assessments of appraisal quality for some of their higher-risk or higher-value dealings as a control to aid in identifying valuation complications."

In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we can formulate 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 Gonzalez Appraisal Group, we're trained in every form of appraisal review, review practice and the responsibilities of review appraisers.

We know what amounts to a quality appraisal and what the biggest inadequacies are, particularly in our housing market. We're also sufficiently experienced to identify that the competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Gonzalez Appraisal Group to justly review appraisal reports performed by others. And those others may be reviewing our work, too!

In short, when you choose Gonzalez Appraisal Group, you can rely on our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Gonzalez Appraisal Group to learn more about our qualifications, expertise and services offered.