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NY METRO APPRAISAL SERVICES, Inc.
Commercial and Residential
Real Property Appraisers and Consultants
VA-FHA-Public Law 111-203 Certified
POB 2733, 450 Lexington Avenue,
New York, New York 10163
646-584-0900 (Office)
877-692-8825 (Fax)
www.nymetroappraisalgroup.com

NEED AN APPRAISAL?

CALL-646-584-0900
 

Appraiser Licensing
Appraiser licensing varies from state to state. To participate in what is called a "federally-related
transaction," which is, for example, a mortgage being underwritten by a national bank, an appraiser
must be licensed or certified by his or her state. The license or certification is evidence that the appraiser has performed a certain number of hours as a trainee under the supervision of a practicing appraiser, may have passed an examination, and completes a certain number of hours of Continuing Education Training.

Prior to the Savings and Loan crisis of the 80s, which gave rise to appraiser licensing, appraisers had to market their expertise, service, professionalism and association designations. Many feel that state licensing has diluted the appraisal profession. Many consider licensure a bare minimum of what you should expect from an appraiser.

We have worked hard to establish a reputation for quality and prompt work, performed professionally and ethically, with outstanding customer service. You should never just look for a licensed appraiser; you should be discriminating in choosing your service providers.  Tour our website for valuable information on the experience we have and the service we provide.

You should always be sure your appraisal service provider is licensed and in good standing. The Appraisal Subcommittee (ASC) of the Federal Financial Institutions Examination Council (FFIEC) maintains a national database of appraisers and their license/certification status.  It is available publicly at this link.

Among other things, this database, which relies on reports from each state appraisal board, will tell you if a service provider you are considering has had his or her license suspended, revoked, or whether the license has lapsed.You can rest assured that our license is current and in good standing!

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.

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