Banner

Ness Associates

Commercial Real Estate Valuation and Consulting
APPRAISAL REVIEW SERVICES
According to Interagency Appraisal and Evaluation Guidelines, financial institutions are expected to maintain an appraisal review process that "provides for a comprehensive review of those appraisals supporting transactions that pose higher credit risk." The guidelines state persons who review appraisals should "possess the requisite education, expertise, and competence to perform the review commensurate with the complexity of the transaction."

In today's environment of increased regulatory scrutiny, many financial institutions do not have the resources to staff a department of qualified professionals to review appraisals for regulatory compliance or to assure they contain properly supported value conclusions.

With nearly half of my 35 years in the appraisal profession spent with financial institutions, I have a unique combination of banking and appraisal experience to offer lenders timely cost-effective review services, along with the feedback they need to help manage risk and provide solid documentation to comply with regulatory guidelines. As a banker, I held the positions of staff appraiser, appraisal review officer and chief appraiser, having completed thousands of reviews and participated in regulatory examinations where my reviews have been tested. As a designated MAI, I understand complex appraisal assignments and what constitutes a quality appraisal.

I would appreciate the opportunity to speak further with you regarding how Ness Associates can assist your financial institution with your appraisal review needs. A review program can be customized to meet your specific requirements - from a one-time review to comprehensive appraisal administration. Please feel free to call with any questions.

Top
This site is owned by Ness Associates and was last updated 3/12/19.