Astute Appraisals, Inc. Appraisal Reviews
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers performing reviews ought to "have the ability and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." Here at Astute Appraisals, Inc., we provide appraisal review services that are impartial, expert, professional and in accordance with the Federal Reserve's regulations.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "must verify whether the appraisal or evaluation is fitting for the transaction, the danger of the transaction, and whether the manners by which the collateral valuation is collected ensures independence and quality," the Federal Reserve says. They "should also show whether the appraisal or evaluation report is consistent with the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also says that "some institutions augment regular reviews with post-funding surveys of appraisal quality for a number of their higher-liability or greater-value dealings as a control to aid in uncovering valuation problems."
In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are largely used for review services, and we'll develop an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. Here at Astute Appraisals, Inc., we are experienced in every form of appraisal review, review process and the responsibilities of review appraisers.
We understand what the most frequent inadequacies are, specifically in our housing market, as well as what constitutes a quality appraisal. Concurrently, we are amply experienced to identify that the competition in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Astute Appraisals, Inc. to fairly evaluate appraisal reports carried out by others. And those others could be studying our work, too!
You can depend on Astute Appraisals, Inc. for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings.