Expert Appraisal Reviews with PS Professional Inc.

As said in a statement by the Federal Reserve, "financial institutions are required to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers completing reviews are obligated to "have the familiarity and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." PS Professional Inc. provides appraisal review services that are objective, expert, professional and compliant with the Federal Reserve's rules.

As stated by the Federal Reserve, appraisal reviews "should conclude whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality." They "must also show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." Last, The Federal Reserve notes that "some institutions augment typical reviews with post-funding assessments of appraisal quality for any of their high-risk or larger-value transactions as a channel to assist in addressing valuation issues."

In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll 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 PS Professional Inc., we are qualified in every kind of appraisal review, review procedure and the obligations of review appraisers.