"A. Reviewer Qualifications
An institution should establish qualification criteria for persons who are eligible to review appraisals and evaluations. Persons who review appraisals and evaluations should be independent of the transaction and have no direct or indirect interest, financial or otherwise, in the property or transaction, and be independent of and insulated from any influence by loan production staff. Reviewers also should possess the requisite education, expertise, and competence to perform the review commensurate with the complexity of the transaction, type of real property, and market. Further, reviewers should be capable of assessing whether the appraisal or evaluation contains sufficient information and analysis to support the institution’s decision to engage in the transaction.”
I possess the skills and knowledge to comply with the Review Qualifications and my extensive experience can assist with your appraisal review and/or consulting needs. It has always been imperative for me to stay current with all Federal Guidelines as well as compliance with procedures of the Uniform Standards of Professional Practice (USPAP) including Standard 3. (See the link below for guideline reference)
Over the years I have seen many types of appraisal reviewers. What separates the truly successful is the means to recognize possible detrimental conclusions. My recent seven years employment found me as the Senior Commercial Reviewer for a major bank which offered many appraisal review challenges and exposure to all types of commercial property appraisals. I reviewed over 350 commercial appraisals yearly while maintaining other responsibilities. It was imperative that the reviews determined the reasonableness and compliance for safe and sound lending.
I would like to offer my services to you and I fundamentally understand time agenda commitments. My time frame for initial review is within 72 hours (generally within 48) and I realize the importance of meeting time constraints, fully recognizing that the appraisal must be reviewed and accepted before loan closing to be in compliance. I am well versed on loan procedure and held regular training and development of bank staff and loan officer orientations.
Interagency Appraisal Guidelines - /uploads/1/7/7/9/17797521/interagency_appraisal_and_evaluation_guidlines.pdf
An institution should establish qualification criteria for persons who are eligible to review appraisals and evaluations. Persons who review appraisals and evaluations should be independent of the transaction and have no direct or indirect interest, financial or otherwise, in the property or transaction, and be independent of and insulated from any influence by loan production staff. Reviewers also should possess the requisite education, expertise, and competence to perform the review commensurate with the complexity of the transaction, type of real property, and market. Further, reviewers should be capable of assessing whether the appraisal or evaluation contains sufficient information and analysis to support the institution’s decision to engage in the transaction.”
I possess the skills and knowledge to comply with the Review Qualifications and my extensive experience can assist with your appraisal review and/or consulting needs. It has always been imperative for me to stay current with all Federal Guidelines as well as compliance with procedures of the Uniform Standards of Professional Practice (USPAP) including Standard 3. (See the link below for guideline reference)
Over the years I have seen many types of appraisal reviewers. What separates the truly successful is the means to recognize possible detrimental conclusions. My recent seven years employment found me as the Senior Commercial Reviewer for a major bank which offered many appraisal review challenges and exposure to all types of commercial property appraisals. I reviewed over 350 commercial appraisals yearly while maintaining other responsibilities. It was imperative that the reviews determined the reasonableness and compliance for safe and sound lending.
I would like to offer my services to you and I fundamentally understand time agenda commitments. My time frame for initial review is within 72 hours (generally within 48) and I realize the importance of meeting time constraints, fully recognizing that the appraisal must be reviewed and accepted before loan closing to be in compliance. I am well versed on loan procedure and held regular training and development of bank staff and loan officer orientations.
Interagency Appraisal Guidelines - /uploads/1/7/7/9/17797521/interagency_appraisal_and_evaluation_guidlines.pdf