Experienced Appraisal Reviews with Astute Appraisals, Inc.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers fulfilling reviews ought to "have the knowledge and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At Astute Appraisals, Inc., we provide appraisal review services that are impartial, qualified, professional and square with the Federal Reserve's guidelines.
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact us today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is pertinent for the transaction, the risk of the transaction, and whether the actions by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. They "should also denote whether the appraisal or evaluation report is consistent with the engagement letter, which sets forth the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions augment typical reviews with post-funding assessments of appraisal quality for a few of their high-liability or greater-value affairs as a means to help in discovering valuation disputes."
In addition to adjusting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are widely used for review services, and we will formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Astute Appraisals, Inc., we're qualified in every form of appraisal review, review procedure and the obligations of review appraisers.
Astute Appraisals, Inc. understands what the most prevalent inadequacies are, specifically in our housing market, as well as what constitutes a quality appraisal. In the same sense, we are sufficiently skilled to recognize that our competitors in our market are skillful in doing a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to ethically review appraisal reports executed by others. And those others could be reviewing our work, too!
You can depend on Astute Appraisals, Inc. for our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and services offered.