Appraisal Reviews by The August Group Inc.
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers completing reviews have to "have the familiarity and skills to assess compliance with the Federal Reserves appraisal rules and guidelines." For appraisal review services that are impartial, qualified, professional and compliant with the Federal Reserve's rules, just contact The August Group Inc..
If you need a real estate appraisal review or have questions in reference to an appraisal, contact us today.
According to the Federal Reserve, appraisal reviews "should figure out whether the appraisal or evaluation is appropriate for the transaction, the risk of the transaction, and whether the procedure by which the collateral valuation is attained guarantees independence and quality." They "must also show whether the appraisal or evaluation report is true to the letter of engagement, which sets forth the extent of the appraisal assignment." The Federal Reserve also says that "some financial institutions add routine reviews with post-funding surveys of appraisal quality for a number of their high-risk or large-value dealings as a way to aid in identifying valuation disputes."
In addition to coordinating our work to the processes and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we will produce 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 are qualified in every kind of appraisal review, review process and the responsibilities of review appraisers.
The August Group Inc. is aware of what the most frequent imperfections are, specifically in our real estate market, as well as what makes a quality appraisal. We're also amply trained to acknowledge that our competitors in our market are skillful in doing good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on The August Group Inc. to justly review appraisal reports completed by others. And those others may be examining our work, too!
For professional, fair, ethical appraisal review services and neutral judgments, you can depend on The August Group Inc.. Contact The August Group Inc. for more information regarding our qualifications, expertise and services offered.