NY METRO APPRAISAL SERVICES, Inc.
Real Property Appraisers and Consultants
Specializing in Condo, Coops and Townhouse Appraisals
POB 2733, 450 Lexington Avenue,
New York, New York 10163
646-584-0900 (Office)
877-692-8825 (Fax)
www.nymetroappraisalgroup.com
email: nymetroappraisal@aol.com

A REGIONAL APPRAISAL COMPANY SERVING THE VALUATION REQUIREMENT OF OUR CLIENTS SINCE 1971

NY Metro Appraisal Services provides reliable, customized valuation solutions and related appraisal and property inspection services within the New York Metropolitan Area. 

Our Valuation services include residential and commercial appraisal products including FHA and VA appraisals, Loss Mitigation, Asset Management as well as legal support to law firms litigating valuation issues.

On Staff at NY Metro Appraisal Services are EXPERIENCED and GEOGRAPHICALY COMPETENT Appraisers.  We posses state of the art technology to expedite each and every appraisal assignment. When your valuation needs require high portable appraisal and inspection products delivered by a respected industry leader………..

Choose the best for YOU and YOUR CLIENTS
Choose NY Metro Appraisal Services, Inc. 
www.nymetroappraisalgroup.com

ALL of our valuation products follow Dodd-Frank Regulatory Requirements, USPAP, FIRREA and secondary marketing requirements as well as your customized underwriting standards. Our goal, prior to the delivery of any of our appraisal products is to validate each valuation product for completeness and accuracy. This task is performed by our live in-house certified appraisers and appraisal review group.

FULL APPRAISAL SERVICES INCLUDE:

• Standard and Complex 1004 single family forms FHA and VA 1004, 1025 and 1073 appraisals
• Standard and Complex 1025 multifamily (2-4) forms;
• Mobile and Manufactured Homes Appraisals
• Condominiums Appraisals
• Cooperative Apartment Appraisals
• Mixed Use Appraisals
• Land Appraisals
• REO Appraisals with REO Addendum with complete basement to roof description and complete cost estimate to cure

All appraisals including Loss Mitigation, Asset Management Drive-By as described below include a minimum of two active listings, pending sales or a combination of both.

NY METRO APPRAISAL SERVICES  consists of staff and established New York and Connecticut local and regional area independent appraisers following "Appraiser Independence Requirements". Our appraisal process is simple. One of our fully certified appraisers completes the inspection of the property and the required report, form or narrative appraisal report, which is then scrutinized by "live" Certified Appraisers to expedite and ensure your reports meet your underwriting standards, are accurate and delivered in a timely manner.

• The Mansion of John Jacob Astor II, Rhinebeck, NY

• Lucy Arnaz, Daughter of Lucille Ball and Ricky Arnaz

• Condo of Martha Stewart

• Coop Unit used in Kramer vs Kramer

• Rental Home of Dick Wolf, Greenwich, CT

• Plaza Hotel Condos
  
• Trump Towers, UN Plaza
  
• Consolidated Boat Yards

To arrange for valuation services or for a FREE CONSULTATION pease call us at 646-584-0900.

Thank you for visiting NY METRO APPRAISAL SERVICES. We look forward to working with you.

OF INTEREST TO BANKERS AND OTHER MORTGAGE LENDERS:

• APRIL 1, 2011 COMMENTARY CONCERNING APPRAISAL ORDERING:
  
  DODD-FRANK APPRAISAL ORDERING REQUIREMENTS
  
  On December 10, 2010, and the publication of the Regulatory Agencies "Final Interim Rule" appraisals can be ordered by lending institutions using the following criteria:
  
  
• An employee of the lender not on the commissioned structure of the lender (Salaried employee with duties and functions as one who orders appraisals)
  
• An Appraisal Management Company acting as a third party appraiser manager
  
  
• An Appraisal Firm or Company acting as a third party appraiser manager
  
  All of the above must be independent of the transaction.
  
  NY Metro Appraisal Services is a Regional New York and Connecticut Appraisal Firm accepting appraisal assignments via an appraisal ordering firewall for Federally Related Transaction dealing with Mortgages.  All other clients can call in, email or fax to NY Metro Appraisal Services, their appraisal order or (Click "ORDER AN APPRAISAL" register and create an appraisal firewall account) and what follows is a synopsis of our firewalled appraisal services which meet the requirements of Dodd-Frank Appraisal Regulatory requirements for 1-4 family homes, condos and coops.

NY Metro Appraisal Services, is a Regional Real estate Appraisal Firm providing valuation services and solutions for the specific underwriting requirements of the mortgage lending, servicing, and insurance industries. NY Metro Appraisal Services sets itself apart from national firms with its communications technology and software platform which allows for the fastest placement and completion of real estate appraisals in the New York Metropolitan and Connecticut area. NY Metro Appraisal Services provides you with immediate access to the fastest, most reliable, residential real estate appraisal services available within the Southern New York and Connecticut Regional Area..

As we all know, HVCC has been set aside and the Dodd-Frank Act, Public Law 111-203 is now in play.

Regarding the selection of appraisers, this is the published requirement:

NY METRO APPRAISAL SERVICES SELECTION AND RETENTION OF APPRAISERS:

In the selection of appraisers, the institution should develop criteria that ensure the appraiser selected for the assignment has the requisite education, expertise and experience to competently complete the appraisal.

NY Metro Appraisal Services, being a “REGIONAL APPRAISAL FIRM” with appraisers on board that have demonstrated the requisite education, expertise and experience to competently complete the appraisal satisfies the appraiser selection criteria. Under no uncertain terms will an appraiser be given as assignment not in his or her geographic area of expertise. NY Metro Appraisal Services goes beyond just ensuring that appraiser’s credentials are current.

Minimum requirement of a NY Metro Appraisal Service appraiser is 5 years tenure as a Certified Residential or General Appraiser and must be FHA Certified.

NY METRO APPRAISAL SERVICES APPRAISAL REVIEW PROGRAM:

Being a REGIONAL APPRAISAL FIRM, NY Metro Appraisal Services has developed appraisal review criteria that ensure reviewers of appraisals are independent of the transaction and have no financial interest in the property or transaction and possess the requisite education, expertise and competence to perform the review.

All of our appraisal reviews of 1-to-4, condo and coop unit residential properties reflect a risk based approach that is commensurate with the size, type and complexity of the credit transaction. NY Metro Appraisal Services will not change the value conclusion in an appraisal but authenticate the methodology, quality and authenticate the comparable sales used for an original appraiser to have rendered his or her opinion of value including the impact that sales concessions as well as cash or non-cash contributions provided by a party to the transaction and that reduce a purchaser’s cost and how that contribution has upon the market value of the property.

NY METRO APPRAISAL SERVICES 24/7 REGULATORY OVERSIGHT:

As an Independent Third Party Appraisal Services Provider, NY Metro Appraisal Services assists clients with the performance of collateral valuation functions and continued ongoing oversight to ensure that the services of NY Metro Appraisal Services as well as the appraiser vendors we use are in full compliance with the Agencies’ appraisal regulations.

We, at NY Metro Appraisal Services, look forward to providing you with all of your appraisal and appraisal review services. We offer 24/7 on line ordering and tracking as well as 24/7 fax order systems.

All appraisal and appraisal review orders are fire walled protected, and under no uncertain terms does a client pick and choose an appraiser. All appraisers are assigned appraisal assignments on a rotational basis.

To order an appraisal or appraisal review, register with NY Metro Appraisal Services by going to www.nymetroappraisalgroup.com top header and click on “ORDER AN APPRAISAL” Once there, create your fire walled account by selecting your own user name and password. Once approved, you can start ordering appraisals and appraisal reviews complete with our 24/7 tracking system.

NY Metro Appraisal Services thanks you for your business and looks forward toward many years of continued professional real property appraisal services.

NY Metro Appraisal Services, Inc

646-584-0900