Expert Appraisal Reviews by The August Group Inc.
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, unbiased real estate appraisal and evaluation plan," and that appraisers fulfilling reviews must "have the familiarity and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." The August Group Inc. provides appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's rules.
If you need a real estate appraisal review or have questions regarding an appraisal, call The August Group Inc. today.
Appraisal reviews "must figure out whether the appraisal or evaluation is well-suited for the transaction, the liability of the transaction, and whether the manners by which the collateral valuation is accomplished guarantees independence and quality," as stated by the Federal Reserve. They "must also announce whether the appraisal or evaluation report is consistent with the engagement letter, which describes the range of the appraisal assignment." Last, The Federal Reserve notes that "some financial institutions add periodic reviews with post-funding surveys of appraisal quality for any of their high-risk or large-value affairs as a means to assist in exposing valuation issues."
In addition to adjusting our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are usually used for review services, and we will formulate 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 The August Group Inc., we're skilled in every type of appraisal review, review practice and the responsibilities of review appraisers.
We know what the most frequent inadequacies are, especially in our real estate market. We also understand what amounts to a quality appraisal. In the same regard, the professionals at The August Group Inc. are amply experienced to identify that the competition in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can trust us to lawfully review appraisal reports done by others. And those others might be studying our work, too!
Here at The August Group Inc., you can count on our neutral judgment, because we offer professional, objective, ethical appraisal review services for our clients. Contact The August Group Inc. regarding our qualifications, expertise and service offerings.