Experienced Appraisal Reviews by Accufast Appraisal Services, Inc.
According to an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation program," and that appraisers completing reviews ought to "have the ability and expertise to determine compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are objective, efficient, professional and compliant with the Federal Reserve's rules, just contact Accufast Appraisal Services, Inc..
If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, call Accufast Appraisal Services, Inc. today.
The Federal Reserve says appraisal reviews "should conclude whether the appraisal or evaluation is well-suited for the transaction, the danger of the transaction, and whether the procedure by which the collateral valuation is collected ensures independence and quality." Moreover, they "must denote whether the appraisal or evaluation report is true to the engagement letter, which describes the range of the appraisal assignment." The Federal Reserve also states that "some institutions add routine reviews with post-funding surveys of appraisal quality for any of their high-risk or higher-value contracts as a control to assist in revealing valuation problems."
In addition to coordinating our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are generally used for review services, and we'll prepare an appraisal review on any 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're experienced in all kinds of appraisal reviews, review processes and the responsibilities of review appraisers.
We are aware of what amounts to a quality appraisal and what the most common imperfections are, particularly in our home market. In the same regard, we're skilled enough to recognize that the competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on Accufast Appraisal Services, Inc. to fairly assess appraisal reports performed by others. And those others could be evaluating our work, too!
At Accufast Appraisal Services, Inc., you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our clients. Contact us to learn more about our qualifications, expertise and service offerings.