Experienced Appraisal Reviews with The August Group Inc.
As said in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers doing reviews are obligated to "have the proficiency and skillfulness to determine compliance with the Federal Reserves appraisal rules and guidelines." Here at The August Group Inc., we provide appraisal review services that are impartial, efficient, professional and square with the Federal Reserve's guidelines.
If you have questions in reference to an appraisal, or if you're in the need of a real estate appraisal review, call The August Group Inc. today.
Appraisal reviews "ought to decide whether the appraisal or evaluation is relevant for the transaction, the danger of the transaction, and whether the methods by which the collateral valuation is accomplished ensures independence and quality," according to the Federal Reserve. They "must also show whether the appraisal or evaluation report is consistent with the engagement letter, which gives an account of the scope of the appraisal assignment." The Federal Reserve also notes that "some institutions add typical reviews with post-funding assessments of appraisal quality for some of their higher-liability or greater-value contracts as a means to help in revealing valuation issues."
In addition to conforming our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are usually used for review services, and we'll formulate an appraisal review on any 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 experienced in all types of appraisal reviews, review practices and the obligations of review appraisers.
We are aware of what represents a quality appraisal and what the biggest deficiencies are, especially in our real estate market. The professionals at The August Group Inc. are also sufficiently skilled to admit that our competitors in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can rely on us to lawfully examine appraisal reports performed by others. And those others might be examining our work, too!
In short, when you choose The August Group Inc., you can be sure of our independent judgment, because we offer professional, unbiased, ethical appraisal review services for our customers. Contact The August Group Inc. regarding our qualifications, expertise and service offerings.