Experienced Appraisal Reviews by Astute Appraisals, Inc.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews should "have the familiarity and skills to determine compliance with the Federal Reserves appraisal rules and guidelines." Astute Appraisals, Inc. provides appraisal review services that are impartial, qualified, professional and in accordance with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact Astute Appraisals, Inc. today.
According to the Federal Reserve, appraisal reviews "should determine whether the appraisal or evaluation is suitable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality." They "should also indicate whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the range of the appraisal assignment." Lastly, the Federal Reserve notes that "some institutions add typical reviews with post-funding evaluations of appraisal quality for a few of their high-liability or greater-value affairs as a way to help in exposing valuation dilemmas."
In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will prepare 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 are experienced in every kind of appraisal review, review procedure and the obligations of review appraisers.
We are familiar with what makes a quality appraisal and what the most common inadequacies are, specifically in our home market. The professionals at Astute Appraisals, Inc. are also skilled enough to respect that our competitors in our market are able to do quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can rely on Astute Appraisals, Inc. to objectively examine appraisal reports completed by others. And those others could be studying our work, too!
For professional, fair, ethical appraisal review services and honest judgments, you can rely on Astute Appraisals, Inc.. Contact us regarding our qualifications, expertise and service offerings.