Experienced Appraisal Reviews with Astute Appraisals, Inc.
According to a statement by the Federal Reserve, "financial institutions must have effective, objective real estate appraisal and evaluation programs," and that appraisers performing reviews must "have the knowledge and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At Astute Appraisals, Inc., we provide appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's rules.
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "should conclude whether the appraisal or evaluation is pertinent 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. Moreover, they "must denote whether the appraisal or evaluation report is compatible with the letter of engagement, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions augment regular reviews with post-funding surveys of appraisal quality for a few of their higher-liability or greater-value transactions as a channel to help in detecting valuation issues."
In addition to adjusting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll 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're experienced in every type of appraisal review, review practice and the responsibilities of review appraisers.
We realize what represents a quality appraisal and what the most prevalent deficiencies are, specifically in our housing market. In this regard, we're skilled enough to identify that our competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Astute Appraisals, Inc. to fairly review appraisal reports executed by others. And those others may be evaluating our work, too!
You can trust Astute Appraisals, Inc. for our neutral 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.