Review Appraisal Services
The Federal Reserve has recently reiterated that financial institutions must have an effective commercial real estate appraisal evaluation program. A residential or commercial review appraiser performing reviews should “have the appraisal knowledge and experience to assess compliance with the Federal Reserve Regulation 12 CFR 564.4.
We provide proven commercial appraisal review services in Orange County, Riverside County, San Diego County, Los Angeles County, San Bernardino County, and Ventura County. Our commercial review appraisers are independent, qualified, professional and assure compliance with IRS, Federal Reserve, FDIC, NCAU, OTS, and USPAP guidelines. Commercial appraisal reviews, “should determine whether the real estate under review 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 report is consistent with the engagement letter, which sets forth the scope of the assignment.” The Fed also notes that “some banks supplement routine commercial reviews with post-funding evaluations of appraisals for quality on their higher-risk or greater-value transactions as a control to assist in detecting commercial real estate valuation problems.”
Moreover, a local experienced commercial appraiser should be utilized in transactions involving commercial real estate. Additionally, designated residential and commercial review appraiser experts that are members of the Appraisal Institute are the most experienced for your appraisal review assignments.
Commercial real estate review services prepared or supervised by a designated Member of the Appraisal Institute provides you with the highest quality reporting in the industry. Appraisal Institute Members who hold the highest industry designations have the attained the necessary educational background and years of experience needed for the highest quality residential and commercial appraisal reviews.
Performing commercial reviews on narrative and form appraisal reports requires not only knowledge of OTC, FDIC, NCUA, FNMA, IRS, and USPAP guidelines but they also require years of experience in a particular property type by a qualified appraiser. Our commercial review experience includes apartment buildings, office, fast food restaurant, industrial parks, R & D industrial building, gas stations, private college and university, trade schools, retail shopping center, office buildings, commercial automotive centers, restaurant, gas station C-Store, fast food restaurants, self-storage facilities, vacant commercial land, large commercial acreage parcels, and other special use commercial property to determine if it meets the Uniform Standards of Professional Appraisal Practice (USPAP) guidelines.
In addition to performing appraisal reviews, many of our appraisers are highly skilled expert’s that have the knowledge and real estate experience to perform luxury home appraisal reviews on residential real estate including, custom luxury homes, mansions, ranch estates, ocean front property, new tract subdivisions, tentative map entitlements, parks, easements, encroachments, residential vacant lots, and large acreage parcels.
Forms are generally used in a review and various review formats are used for review of commercial real estate. An appraiser can prepare your report on any one of them. Our appraisal review services include different formats including, “desk” review , “field” review, and depending on the type of report and the scope of work, we can provide a “short” Restricted Use Report, Summary Report, or a “narrative” review.
At AppraiserValues, our appraisers are experienced in all types of residential and commercial appraisal review formats and utilizing procedures stated in USPAP Standard 3 which defines the responsibilities of a residential and commercial review appraiser.
We understand what makes a quality appraisal review and what a residential and commercial review appraiser should look for as the most common deficiencies, especially in the ever changing commercial real estate markets. At the same time, we are professional enough to recognize that our competitors in our market are also capable of doing a good job! The Uniform Standards of Professional Appraisal Practice (USPAP) govern reviews as well as appraisal reports, and you can count on highly experienced commercial appraisers to ethically provide you with commercial real estate appraisal review services throughout Los Angeles California and the Western United States.
In short, you can rely on our experienced residential and commercial review appraisers’ independent judgment, because each residential and commercial review appraisal performed by AppraiserValues offers you professional, objective, and ethical commercial real estate review services. Our professionals cover real estate throughout California and include Orange County, Los Angeles County, San Diego County, Riverside County, San Bernardino County, Ventura County, and Santa Barbara County.