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Appraisal Reviews with The August Group Inc.

According to a statement by the Federal Reserve, "financial institutions are obligated to have an effective, objective real estate appraisal and evaluation plan," and that appraisers performing reviews should "have the knowledge and skillfulness to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." At The August Group Inc., we provide appraisal review services that are independent, qualified, professional and compliant with the Federal Reserve's regulations.

If you need a real estate appraisal review or have questions about an appraisal, call us today.

Appraisal reviews "must decide whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the procedures by which the collateral valuation is collected guarantees independence and quality," the Federal Reserve says. They "must also demonstrate whether the appraisal or evaluation report is true to the letter of engagement, which describes the scope of the appraisal assignment." The Federal Reserve also says that "some institutions supplement periodic reviews with post-funding assessments of appraisal quality for some of their higher-risk or greater-value contracts as a method to aid in identifying valuation problems."

In addition to conforming our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are normally 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. At The August Group Inc., we are skilled in every kind of appraisal review, review practice and the obligations of review appraisers.

We understand what the most prevalent defects are, especially in our real estate market. We also understand what constitutes a quality appraisal. In the same sense, we are skilled enough to acknowledge that the competition in our market are qualified to do a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can count on The August Group Inc. to ethically study appraisal reports done by others. And those others might be examining our work, too!

You can rely on The August Group Inc. for our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact The August Group Inc. regarding our qualifications, expertise and service offerings.