Expert Appraisal Reviews with Accufast Appraisal Services, Inc.
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the ability and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." Accufast Appraisal Services, Inc. provides appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's guidelines.
If you need a real estate appraisal review or have questions about an appraisal, call us today.
Appraisal reviews "have to decide whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the procedures by which the collateral valuation is acquired ensures independence and quality," as stated by the Federal Reserve. They "must also announce whether the appraisal or evaluation report is compatible with the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions supplement regular reviews with post-funding surveys of appraisal quality for a few of their higher-liability or higher-value dealings as a channel to help in uncovering valuation issues."
In addition to coordinating our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are normally used for review services, and we'll develop 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 are skilled in every type of appraisal review, review process and the responsibilities of review appraisers.
Accufast Appraisal Services, Inc. understands what the biggest weaknesses are, especially in our real estate market, as well as what represents a quality appraisal. In the same sense, we are amply skilled to recognize that the competition in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on us to justly valuate appraisal reports executed by others. And those others could be studying our work, too!
For professional, impartial, ethical appraisal review services and truthful judgments, you can rely on Accufast Appraisal Services, Inc.. Contact Accufast Appraisal Services, Inc. for more information about our qualifications, expertise and services offered.