Expert Appraisal Reviews by Astute Appraisals, Inc.
According to a statement by the Federal Reserve, "financial institutions are required to have effective, impartial real estate appraisal and evaluation programs," and that appraisers doing reviews must "have the proficiency and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Astute Appraisals, Inc. provides appraisal review services that are objective, qualified, professional and compliant with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact us today.
The Federal Reserve says appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality." They "should also show whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the outlook of the appraisal assignment." The Federal Reserve also states that "some institutions reinforce typical reviews with post-funding surveys of appraisal quality for any of their higher-liability or larger-value affairs as a channel to aid in identifying valuation complications."
In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we will produce 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 are skilled in all kinds of appraisal reviews, review practices and the responsibilities of review appraisers.
We are aware of what makes a quality appraisal and what the greatest inadequacies are, specifically in our real estate market. The professionals at Astute Appraisals, Inc. are also amply trained to respect that the competition in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to justly assess appraisal reports performed by others. And those others could be evaluating our work, too!
Here at Astute Appraisals, Inc., you can trust our neutral judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us for more information regarding our qualifications, expertise and services offered.