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Appraisal Reviews with Shell PAS Enterprises, LLCAccording to a statement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers doing reviews are obligated to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Shell PAS Enterprises, LLC provides appraisal review services that are unbiased, efficient, professional and in line with the Federal Reserve's guidelines.A review appraisal should reveal: whether the original appraisal or evaluation is well-suited for the transaction, the liability inherit in the transaction, and whether the manner by which the real estate valuation is obtained guarantees independence and quality. They should also show whether the appraisal or evaluation report matches the letter of engagement, which describes the extent 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".
In addition to conforming our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Shell PAS Enterprises, LLC, we are experienced in every kind of appraisal review, review procedure and the requirements of review appraisers.
In short, when you choose Shell PAS Enterprises, LLC, you can trust our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Shell PAS Enterprises, LLC regarding our qualifications, expertise and service offerings. |
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Shell PAS Enterprises, LLC realizes what the typical report weaknesses are, particularly in our housing market, as well as what constitutes a quality appraisal.
We're also adequately skilled to realize that the competitors in our market are qualified to do quality work.
The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on Shell PAS Enterprises, LLC to justly evaluate appraisal reports executed by others. And those others may be evaluating our work, too!