For appraisal review services in Maricopa, contact Matrix Appraisal Group

Getting a second opinion on an appraisal

According to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that it's the expectation of appraisers doing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Matrix Appraisal Group provides appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's guidelines.

The purpose of appraisal reviews are to verify: whether the original appraisal or evaluation is appropriate for the transaction, the liability inherit in the transaction, and whether the method by which the collateral valuation is accomplished ensures independence and quality. Moreover, they should denote whether the appraisal or evaluation report is true to the engagement letter, which describes the scope of the appraisal assignment. Lastly, the Federal Reserve also goes on to say 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".


	If you have questions regarding an appraisal, or if you need a real estate appraisal review, call us today.

In addition to tailoring our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can produce 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 Matrix Appraisal Group, we're experienced in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.

For appraisal review services in Maricopa, contact Matrix Appraisal Group We know what the most prevalent report defects are, particularly in our home market, as well as what amounts to a quality appraisal. Concurrently, we are skilled enough to identify that our competition in our market are able to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Matrix Appraisal Group to justly assess appraisal reports carried out by others. And those others may be examining our work, too!

You can count on Matrix Appraisal Group for our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.