Qualified Appraisal Reviews with Accufast Appraisal Services, Inc.
As said in an announcement by the Federal Reserve, "financial institutions must have effective, unbiased real estate appraisal and evaluation programs," and that appraisers performing reviews ought to "have the proficiency and skills to evaluate compliance with the Federal Reserves appraisal rules and guidelines." At Accufast Appraisal Services, Inc., we provide appraisal review services that are impartial, efficient, professional and compliant with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call us today.
Appraisal reviews "have to find out whether the appraisal or evaluation is applicable for the transaction, the liability of the transaction, and whether the methods by which the collateral valuation is obtained ensures independence and quality," the Federal Reserve says. They "should also indicate whether the appraisal or evaluation report is compatible with the engagement letter, which sets forth the outlook of the appraisal assignment." The Federal Reserve also says that "some institutions augment regular reviews with post-funding evaluations of appraisal quality for a number of their high-risk or higher-value transactions as a method to help in revealing valuation issues."
In addition to adapting our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are mostly used for review services, and we can produce 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 Accufast Appraisal Services, Inc., we are experienced in all types of appraisal reviews, review procedures and the responsibilities of review appraisers.
We're aware of what constitutes a quality appraisal and what the biggest inadequacies are, especially in our housing market. We're also sufficiently trained to admit that the competition in our market are capable of quality work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on Accufast Appraisal Services, Inc. to objectively look over appraisal reports carried out by others. And those others may be studying our work, too!
In short, here at Accufast Appraisal Services, Inc., you can rely on our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and service offerings.