Appraisal Reviews with Astute Appraisals, Inc.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers doing reviews ought to "have the ability and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." For appraisal review services that are independent, efficient, professional and in accordance with the Federal Reserve's regulations, look no further than Astute Appraisals, Inc..
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call us today.
As stated by the Federal Reserve, appraisal reviews "should verify whether the appraisal or evaluation is fitting for the transaction, the uncertainty of the transaction, and whether the processes by which the collateral valuation is collected guarantees independence and quality." In addition, they "must denote whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the outlook of the appraisal assignment." Lastly, the Federal Reserve notes that "some banks supplement periodic reviews with post-funding evaluations of appraisal quality for a few of their high-liability or larger-value affairs as a way to aid in discovering valuation problems."
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are widely 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. At Astute Appraisals, Inc., we're qualified in all types of appraisal reviews, review procedures and the obligations of review appraisers.
Astute Appraisals, Inc. knows what amounts to a quality appraisal and what the most prevalent inadequacies are, specifically in our housing market. Concurrently, the professionals at Astute Appraisals, Inc. are amply trained to respect that the competitors in our market are qualified to do a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to ethically examine appraisal reports carried out by others. And those others could be reviewing our work, too!
In short, when you choose Astute Appraisals, Inc., you can trust our truthful judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us regarding our qualifications, expertise and services offered.