Expert Appraisal Reviews by Accufast Appraisal Services, Inc.
According to a statement by the Federal Reserve, "financial institutions are required to have effective, unbiased real estate appraisal and evaluation procedures," and that appraisers performing reviews are obligated to "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Here at Accufast Appraisal Services, Inc., we provide appraisal review services that are unbiased, expert, professional and square with the Federal Reserve's guidelines.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, contact Accufast Appraisal Services, Inc. today.
Appraisal reviews "must decide whether the appraisal or evaluation is relevant for the transaction, the liability of the transaction, and whether the actions by which the collateral valuation is accomplished guarantees independence and quality," according to the Federal Reserve. Moreover, they "must denote whether the appraisal or evaluation report matches the engagement letter, which describes the extent of the appraisal assignment." Lastly, the Federal Reserve says that "some institutions add typical reviews with post-funding surveys of appraisal quality for a number of their higher-risk or larger-value contracts as a method to assist in identifying valuation concerns."
In addition to tailoring our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will prepare 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 Accufast Appraisal Services, Inc., we are qualified in all forms of appraisal reviews, review practices and the obligations of review appraisers.
Accufast Appraisal Services, Inc. understands what amounts to a quality appraisal and what the biggest defects are, specifically in our real estate market. In this regard, we are amply trained to respect that the competitors in our market are able to do a great job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust Accufast Appraisal Services, Inc. to fairly examine appraisal reports carried out by others. And those others could be studying our work, too!
When you choose Accufast Appraisal Services, Inc., you can rely on our honest judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact Accufast Appraisal Services, Inc. for more information regarding our qualifications, expertise and services offered.