Appraisal Reviews with ASAP Appraisal Services, Inc.
As said in a statement by the Federal Reserve, "financial institutions must have an effective, independent real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the proficiency and skillfulness to assess compliance with the Federal Reserves appraisal regulations and guidelines." At ASAP Appraisal Services, Inc., we provide appraisal review services that are unbiased, efficient, professional and square with the Federal Reserve's regulations.
If you have questions regarding an appraisal, or if you need a real estate appraisal review, call ASAP Appraisal Services, Inc. today.
As stated by the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is relevant for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is acquired ensures independence and quality." In addition, they "must denote whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the outlook of the appraisal assignment." The Federal Reserve also notes that "some institutions augment typical reviews with post-funding surveys of appraisal quality for some of their higher-liability or higher-value dealings as a method to aid in addressing valuation disputes."
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we can develop 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 ASAP Appraisal Services, Inc., we're experienced in every kind of appraisal review, review practice and the obligations of review appraisers.
We know what the biggest inadequacies are, particularly in our home market. We also know what constitutes a quality appraisal. Concurrently, the professionals at ASAP Appraisal Services, Inc. are adequately experienced to admit that our competitors in our market are skillful in doing a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on ASAP Appraisal Services, Inc. to fairly examine appraisal reports executed by others. And those others may be evaluating our work, too!
At ASAP Appraisal Services, Inc., you can rely on our neutral judgment, because we offer professional, fair, ethical appraisal review services for our clients. Contact ASAP Appraisal Services, Inc. regarding our qualifications, expertise and service offerings.