Experienced Appraisal Reviews with ASAP Appraisal GroupAccording to a statement by the Federal Reserve, "financial institutions must have effective, independent real estate appraisal and evaluation programs," and that appraisers completing reviews should "have the knowledge and skillfulness to assess compliance with the Federal Reserves appraisal rules and guidelines." Here at ASAP Appraisal Group, we provide appraisal review services that are impartial, expert, professional and compliant with the Federal Reserve's guidelines. 
If you have questions in reference to an appraisal, or if you need a real estate appraisal review, contact us today. As stated by the Federal Reserve, appraisal reviews "have to decide whether the appraisal or evaluation is pertinent for the transaction, the liability of the transaction, and whether the process by which the collateral valuation is collected ensures independence and quality." They "must also announce whether the appraisal or evaluation report is consistent with the engagement letter, which describes the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some banks reinforce routine reviews with post-funding surveys of appraisal quality for a few of their high-risk or larger-value affairs as a means to assist in addressing valuation concerns." In addition to coordinating our work to the forms and guidelines of our review clients, there are four Fannie Mae forms that are typically 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. At ASAP Appraisal Group, we're experienced in all forms of appraisal reviews, review procedures and the responsibilities of review appraisers. We're aware of what the most prevalent weaknesses are, particularly in our housing market, as well as what amounts to a quality appraisal. We're also sufficiently skilled to distinguish that our competition in our market are qualified to do a good job. The Uniform Standards of Professional Appraisal Practice (USPAP) govern appraisal reviews and appraisal reports, and you can count on ASAP Appraisal Group to lawfully evaluate appraisal reports performed by others. And those others may be examining our work, too! Here at ASAP Appraisal Group, you can trust our truthful judgment, because we offer professional, unbiased, ethical appraisal review services for our clients. Contact us for more information about our qualifications, expertise and services offered. |