Appraisal Reviews by The August Group Inc.
According to a statement by the Federal Reserve, "financial institutions are required to have effective, independent real estate appraisal and evaluation programs," and that appraisers performing reviews must "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal rules and guidelines." If you're looking for appraisal review services that are independent, efficient, professional and square with the Federal Reserve's guidelines, just contact The August Group Inc..
If you need a real estate appraisal review or have questions about an appraisal, call The August Group Inc. today.
According to the Federal Reserve, appraisal reviews "must conclude whether the appraisal or evaluation is pertinent for the transaction, the danger of the transaction, and whether the manner by which the collateral valuation is attained guarantees independence and quality." Moreover, they "must show whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the range of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add regular reviews with post-funding assessments of appraisal quality for any of their high-liability or high-value contracts as a channel to help in addressing valuation dilemmas."
In addition to adapting our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we can produce an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At The August Group Inc., we are experienced in every kind of appraisal review, review process and the requirements of review appraisers.
We understand what the greatest inadequacies are, especially in our real estate market. We also understand what represents a quality appraisal. The professionals at The August Group Inc. are also adequately skilled to distinguish that our competition in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to objectively study appraisal reports completed by others. And those others might be studying our work, too!
For professional, fair, ethical appraisal review services and truthful judgments, you can rely on The August Group Inc.. Contact The August Group Inc. for more information regarding our qualifications, expertise and services offered.