As stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, impartial real estate appraisal and evaluation plans," and that appraisers fulfilling reviews have to "have the familiarity and expertise to determine compliance with the Federal Reserves appraisal regulations and guidelines." If you need appraisal review services that are impartial, efficient, professional and in line with the Federal Reserve's regulations, just contact The August Group Inc..
If you're in the need of a real estate appraisal review or have questions regarding an appraisal, contact The August Group Inc. today.
Appraisal reviews "ought to conclude whether the appraisal or evaluation is appropriate for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is acquired guarantees independence and quality," as stated by the Federal Reserve. They "must also announce whether the appraisal or evaluation report is compatible with the letter of engagement, which sets forth the capacity of the appraisal assignment." Last, The Federal Reserve states that "some financial institutions supplement periodic reviews with post-funding assessments of appraisal quality for any of their high-risk or larger-value transactions as a method to aid in discovering valuation disputes."
In addition to coordinating our work to the practices and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we will 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're skilled in all kinds of appraisal reviews, review practices and the requirements of review appraisers.
The August Group Inc. is aware of what represents a quality appraisal and what the most prevalent deficiencies are, particularly in our housing market. In this regard, the professionals at The August Group Inc. are amply experienced to know that our competitors in our market are capable of doing quality work. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews as well as appraisal reports, and you can rely on The August Group Inc. to objectively study appraisal reports done by others. And those others could be studying our work, too!
In short, when you choose The August Group Inc., you can trust our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact The August Group Inc. for more information regarding our qualifications, expertise and services offered.