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 Summit Appraisal, we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.
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 Summit Appraisal, we are experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.
Summitunderstands what makes a quality appraisal and what the most common deficiencies are, especially in our Mid Atlantic 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 Summit to ethically evaluate appraisal reports performed by others. Those others may be reviewing our outstanding work, too!
In short, here at Summit Appraisal, 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.