Quality Appraisal Reviews by Accufast Appraisal Services, Inc.
According to a statement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers fulfilling reviews must "have the knowledge and expertise to evaluate compliance with the Federal Reserves appraisal rules and guidelines." Accufast Appraisal Services, Inc. provides appraisal review services that are unbiased, efficient, professional and in accordance with the Federal Reserve's guidelines.
If you have questions about an appraisal, or if you need a real estate appraisal review, contact Accufast Appraisal Services, Inc. today.
Appraisal reviews "must find out whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the actions by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. In addition, they "must indicate whether the appraisal or evaluation report is true to the letter of engagement, which describes the range of the appraisal assignment." Lastly, the Federal Reserve says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their high-risk or high-value affairs as a way to assist in uncovering valuation concerns."
In addition to coordinating our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are mostly used for review services, and we'll formulate an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At Accufast Appraisal Services, Inc., we're trained in all types of appraisal reviews, review practices and the requirements of review appraisers.
We realize what represents a quality appraisal and what the greatest deficiencies are, specifically in our real estate market. The professionals at Accufast Appraisal Services, Inc. are also amply trained to respect that our competitors in our market are able to do 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 lawfully valuate appraisal reports done by others. And those others could be examining our work, too!
At Accufast Appraisal Services, Inc., you can have confidence in our independent judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact Accufast Appraisal Services, Inc. regarding our qualifications, expertise and services offered.