Quality Appraisal Reviews by ASAP Appraisal GroupAs stated in an announcement by the Federal Reserve, "financial institutions are obligated to have effective, objective real estate appraisal and evaluation procedures," and that appraisers performing reviews must "have the ability and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." Here at ASAP Appraisal Group, we provide appraisal review services that are unbiased, efficient, professional and compliant with the Federal Reserve's regulations. 
If you need a real estate appraisal review or have questions in reference to an appraisal, contact ASAP Appraisal Group today. Appraisal reviews "have to conclude whether the appraisal or evaluation is appropriate for the transaction, the uncertainty of the transaction, and whether the method by which the collateral valuation is attained ensures independence and quality," as stated by the Federal Reserve. They "must also signify whether the appraisal or evaluation report is even with the letter of engagement, which gives an account of the extent of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions add routine reviews with post-funding surveys of appraisal quality for a few of their high-risk or larger-value contracts as a method to aid in discovering valuation complications." In addition to conforming our work to the forms and guidelines of our review customers, there are four Fannie Mae forms that are widely used for review services, and we can produce 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 ASAP Appraisal Group, we're skilled in all types of appraisal reviews, review practices and the obligations of review appraisers. We're aware of what the most common imperfections are, particularly in our home market, as well as what represents a quality appraisal. In the same sense, we are experienced enough to respect that the competition in our market are capable of a fine job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews as well as appraisal reports, and you can rely on us to justly examine appraisal reports performed by others. And those others might be evaluating our work, too! For professional, fair, ethical appraisal review services and truthful judgments, you can count on ASAP Appraisal Group. Contact ASAP Appraisal Group regarding our qualifications, expertise and services offered. |