Need a second opinion on an appraisal?
TJ Appraisals are licensed to provide home and residential appraisal services in Beaver, Allegheny, Mercer and Lawrence CountiesAs stated in 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 responsibility of appraisers performing reviews to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." TJ appraisals, located in Beaver PA provides appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's rules.
The purpose of appraisal reviews are to determine: whether the original appraisal or evaluation is relevant for the transaction, the risk inherit in the transaction, and whether the procedures by which the real estate valuation is attained guarantees independence and quality. Moreover, they must announce whether the appraisal or evaluation report matches the engagement letter, which describes the extent of the appraisal assignment. Lastly, the Federal Reserve says 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 adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we can develop 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 TJ appraisals, we are skilled in all types of appraisal reviews, review processes and the requirements of review appraisers.
TJ appraisals knows what the most prevalent report weaknesses are, particularly in our real estate market, as well as what amounts to a quality appraisal. In the same sense, we are skilled enough to realize that the competition in our market are capable of a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust TJ appraisals to lawfully examine appraisal reports done by others. And those others might be reviewing our work, too!
You can depend on TJ appraisals for our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers.
Contact us for more information about our qualifications, expertise and services offered.
TJ Appraisals is a Real Estate appraisal and consulting firm providing professional appraisal services from our office in Beaver PA. We are licensed to provide appraisal services in Beaver, Allegheny, Mercer and Lawrence Counties. We provide our clients with the service and quality they deserve.