The August Group Inc. Appraisal Reviews
As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation programs," and that appraisers completing reviews are obligated to "have the familiarity and expertise to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are objective, qualified, professional and in line with the Federal Reserve's regulations, just contact The August Group Inc..
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call us today.
Appraisal reviews "have to verify whether the appraisal or evaluation is fitting for the transaction, the liability of the transaction, and whether the means by which the collateral valuation is accomplished guarantees independence and quality," according to the Federal Reserve. In addition, they "must signify 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 says that "some financial institutions supplement routine reviews with post-funding assessments of appraisal quality for any of their high-liability or larger-value dealings as a way to assist in uncovering valuation complications."
In addition to adjusting our work to the regulations and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we'll develop an appraisal review on any one 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 skilled in every form of appraisal review, review practice and the responsibilities of review appraisers.
The August Group Inc. realizes what the most prevalent defects are, particularly in our real estate market. We also know what amounts to a quality appraisal. At the same time, we're experienced enough to know that our competitors in our market are able to do good work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can count on us to objectively look over appraisal reports executed by others. And those others may be evaluating our work, too!
You can depend on The August Group Inc. for our neutral judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact The August Group Inc. regarding our qualifications, expertise and service offerings.