profile picture

English French Spanish

right

 NY METRO APPRAISAL SERVICES, Inc.
Real Property Appraisers and Consultants
POB 2733, 450 Lexington Avenue,
New York, New York 10163
646-584-0900 (Office)
877-692-8825 (Fax)
www.nymetroappraisalgroup.com

 

 Appraisal reviews

The Federal Reserve has recently reiterated that "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at NY METRO APPRAISAL SERVICES, Inc., we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.

Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality," the Fed says.They "should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment."The Fed also 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."


In addition to conforming 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 prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at NY METRO APPRAISAL SERVICES, Inc., we are experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers. 

 

left We understand what makes a quality appraisal and what the most common deficiencies are, especially in our home market. At the same time, we are professional enough to recognize that our competitors in our market are capable of doing a good job! The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically evaluate appraisal reports performed by others. Those others may be reviewing our work, too! 

 

In short, here at NY METRO APPRAISAL SERVICES, Inc., you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients.Browse our website to learn more about our qualifications, expertise and services offered.

 

RETRO AND FORENSIC APPRAISAL SERVICES FOR LITIGATION MATTERS:

 

CALL 646-584-0900

There was a problem returning the RSS feed.

Mortgage Calculator

$
%
%
yrs
$

Today's Rates

Mtg Loan Rate APR
30-yr Fixed 3.91% 4.04%
15-yr Fixed 3.21% 3.38%
1-yr Adj 2.74% 3.4%
* national averages

Home Status Report

Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.

Your Information
Property Information