Experienced Appraisal Reviews with Accufast Appraisal Services, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions must have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the ability and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." At Accufast Appraisal Services, Inc., we provide appraisal review services that are objective, qualified, professional and in accordance with the Federal Reserve's regulations.
If you need a real estate appraisal review or have questions about an appraisal, contact Accufast Appraisal Services, Inc. today.
According to the Federal Reserve, appraisal reviews "should find out whether the appraisal or evaluation is fitting for the transaction, the risk of the transaction, and whether the methods by which the collateral valuation is acquired ensures independence and quality." They "should also demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which describes the capacity of the appraisal assignment." The Federal Reserve also states that "some banks add periodic reviews with post-funding assessments of appraisal quality for any of their higher-risk or larger-value dealings as a channel to assist in uncovering valuation dilemmas."
In addition to coordinating our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are largely 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 skilled in all types of appraisal reviews, review procedures and the obligations of review appraisers.
Accufast Appraisal Services, Inc. is aware of what the biggest weaknesses are, specifically in our real estate market. We also understand what constitutes a quality appraisal. The professionals at Accufast Appraisal Services, Inc. are also amply skilled to realize that our competitors 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 trust Accufast Appraisal Services, Inc. to objectively look over appraisal reports performed by others. And those others could be studying our work, too!
You can count on Accufast Appraisal Services, Inc. for our honest judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact Accufast Appraisal Services, Inc. for more information regarding our qualifications, expertise and services offered.