Accufast Appraisal Services, Inc. Appraisal Reviews
As said in a statement by the Federal Reserve, "financial institutions must have an effective, unbiased real estate appraisal and evaluation program," and that appraisers doing reviews have to "have the knowledge and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." At Accufast Appraisal Services, Inc., we provide appraisal review services that are impartial, expert, professional and in line with the Federal Reserve's rules.
If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, contact us today.
Appraisal reviews "ought to find out whether the appraisal or evaluation is well-suited for the transaction, the uncertainty of the transaction, and whether the practices by which the collateral valuation is obtained guarantees independence and quality," the Federal Reserve says. They "must also announce whether the appraisal or evaluation report is even with the engagement letter, which describes the outlook of the appraisal assignment." Lastly, the Federal Reserve states that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for any of their higher-liability or greater-value dealings as a way to assist in addressing valuation complications."
In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are generally used for review services, and we'll 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. Here at Accufast Appraisal Services, Inc., we are experienced in every type of appraisal review, review practice and the requirements of review appraisers.
We're aware of what the greatest imperfections are, specifically in our home market, as well as what represents a quality appraisal. We're also experienced enough to respect that our competition in our market are capable of doing a good job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can trust Accufast Appraisal Services, Inc. to justly study appraisal reports carried out by others. And those others could be studying our work, too!
You can trust Accufast Appraisal Services, Inc. for our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact Accufast Appraisal Services, Inc. regarding our qualifications, expertise and service offerings.