Experienced Appraisal Reviews by Astute Appraisals, Inc.
According to an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation program," and that appraisers performing reviews have to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." At Astute Appraisals, Inc., we provide appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's regulations.
If you have questions about an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "have to decide whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is attained guarantees independence and quality," as stated by the Federal Reserve. They "should also signify whether the appraisal or evaluation report matches the letter of engagement, which describes the extent of the appraisal assignment." Last, The Federal Reserve says that "some financial institutions add periodic reviews with post-funding evaluations of appraisal quality for a few of their higher-liability or large-value dealings as a control to help in uncovering valuation disputes."
In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are primarily used for review services, and we'll develop an appraisal review on any one of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Astute Appraisals, Inc., we're skilled in every type of appraisal review, review practice and the responsibilities of review appraisers.
Astute Appraisals, Inc. is aware of what the most frequent imperfections are, specifically in our real estate market, as well as what represents a quality appraisal. In the same regard, we're skilled enough to acknowledge that our competition in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on Astute Appraisals, Inc. to justly review appraisal reports carried out by others. And those others might be reviewing our work, too!
You can depend on Astute Appraisals, Inc. for our honest judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings.