Appraisal Reviews by Astute Appraisals, Inc.
As said in a statement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation program," and that appraisers performing reviews are obligated to "have the proficiency and skills to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are independent, qualified, professional and in line with the Federal Reserve's guidelines, contact Astute Appraisals, Inc..
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact Astute Appraisals, Inc. today.
As stated by the Federal Reserve, appraisal reviews "ought to conclude whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the means by which the collateral valuation is obtained ensures independence and quality." They "should also denote whether the appraisal or evaluation report matches the engagement letter, which sets forth the outlook of the appraisal assignment." The Federal Reserve also says that "some financial institutions supplement routine reviews with post-funding evaluations of appraisal quality for a few of their high-liability or higher-value contracts as a method to assist in revealing valuation complications."
In addition to adapting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are typically 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 are experienced in all types of appraisal reviews, review procedures and the requirements of review appraisers.
Astute Appraisals, Inc. is aware of what the biggest deficiencies are, particularly in our housing market. We also know what constitutes a quality appraisal. We're also adequately trained to respect that the competition in our market are skillful in doing quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to lawfully assess appraisal reports executed by others. And those others might be reviewing our work, too!
When you choose Astute Appraisals, Inc., you can be sure of our independent judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us regarding our qualifications, expertise and service offerings.