Appraisal Reviews with Astute Appraisals, Inc.
As said in an announcement by the Federal Reserve, "financial institutions are required to have an effective, independent real estate appraisal and evaluation plan," and that appraisers completing reviews should "have the ability and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, expert, professional and square with the Federal Reserve's rules, look no further than Astute Appraisals, Inc..
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
As stated by the Federal Reserve, appraisal reviews "ought to determine whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is accomplished guarantees independence and quality." In addition, they "must signify whether the appraisal or evaluation report is true to the engagement letter, which sets forth the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add periodic reviews with post-funding evaluations of appraisal quality for a few of their high-risk or higher-value affairs as a method to assist in identifying valuation problems."
In addition to conforming our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we will prepare an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Astute Appraisals, Inc., we're skilled in every kind of appraisal review, review practice and the responsibilities of review appraisers.
We are aware of what amounts to a quality appraisal and what the most frequent weaknesses are, especially in our real estate market. The professionals at Astute Appraisals, Inc. are also experienced enough to identify that the competitors in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully review appraisal reports completed by others. And those others could be reviewing our work, too!
In short, at Astute Appraisals, Inc., you can be sure of our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Astute Appraisals, Inc. for more information regarding our qualifications, expertise and service offerings.