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SECONDOPINIONAPPRAISALS.COM
OWNED BY: NY METRO APPRAISAL SERVICES, INC
Real Property Appraisers, Auditors and Assessment Reviewers
Forensic, Retro and Collateral Risk Appraisal Services
Serving The States of New York and Connecticut
POB 2733, 450 Lexington Avenue
New York, New York 10163
646-584-0900 (Office)
877-692-8825 (Fax)
www.secondopinionappraisals.com
e-mail: uspapcompliance@aol.com
Appraisal reviews
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 Second Opinion Appraisals, we provide appraisal review services that are independent, qualified, professional and square with the Federal Reserve's guidelines.
Appraisal reviews "should determine whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality," the Fed says.They "should also indicate whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the scope of the appraisal assignment."The Fed also notes 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 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 Second Opinion Appraisals, we are experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.
 We understand what makes a quality appraisal and what the most common deficiencies are, especially in our home 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 us to ethically evaluate appraisal reports performed by others. Those others may be reviewing our work, too!
In short, here at Second Opinion Appraisals.com, you can rely on our independent judgment, because we offer professional, objective, ethical appraisal review services for our clients.$nbsp;Browse our website to learn more about our qualifications, expertise and services offered.
APPRAISAL FORENSICS, RETROSPECTIVE APPRAISALS AND AUDITS:
When the time comes to review any appraisal be it by desk or actual field review or to review your property tax assessment and property tax for a pending or future Assessment Review Board Hearing or Court Case, call Secondopinionappraisals.com at
646-584-0900 in New York and 203-505-3905 in Connecticut.
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