Expert Appraisal Reviews with Astute Appraisals, Inc.
As said in an announcement by the Federal Reserve, "financial institutions must have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Astute Appraisals, Inc. provides appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's rules.
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, call Astute Appraisals, Inc. today.
The Federal Reserve says appraisal reviews "must verify whether the appraisal or evaluation is suitable for the transaction, the danger of the transaction, and whether the process by which the collateral valuation is obtained ensures independence and quality." Moreover, they "should indicate whether the appraisal or evaluation report is compatible with the engagement letter, which describes the extent of the appraisal assignment." Last, The Federal Reserve notes that "some banks augment routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or higher-value transactions as a means to assist in exposing valuation complications."
In addition to adapting our work to the practices and guidelines of our review clients, there are four Fannie Mae forms that are generally 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 trained in every form of appraisal review, review practice and the requirements of review appraisers.
We are aware of what the greatest deficiencies are, specifically in our housing market, as well as what amounts to a quality appraisal. We're also skilled enough to respect that the competition in our market are capable of doing a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can trust us to justly review appraisal reports done by others. And those others may be evaluating our work, too!
For professional, impartial, ethical appraisal review services and truthful judgments, you can rely on Astute Appraisals, Inc.. Contact us regarding our qualifications, expertise and services offered.