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Accurate Appraisal Associates CMAS Appraisal ReviewsAccording to an announcement by the Federal Reserve (click here), "financial institutions must have an effective, independent real estate appraisal and evaluation program" and that appraisers fulfilling reviews are compelled to "have the knowledge and expertise to assess compliance with the Federal Reserve's appraisal regulations and guidelines." Accurate Appraisal Associates CMAS provides appraisal review services that are objective, expert, professional and in line with the Federal Reserve's regulations.A review appraisal should pursue: whether the original appraisal or evaluation is appropriate for the transaction, the exposure inherit in the transaction, and whether the practices by which the real estate valuation is attained guarantees independence and quality. In addition, they must show whether the appraisal or evaluation report is consistent with the letter of engagement, which sets forth the range of the appraisal assignment. The Fed says that "some banks supplement routine reviews with post-funding evaluations of appraisal quality for some of their higher-risk or greater-value transactions as a control to assist in detecting valuation problems".
In addition to coordinating our work to the procedures and guidelines of our review customers, there are four Fannie Mae forms that are largely used for review services, and we'll prepare 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 Accurate Appraisal Associates CMAS, we are skilled in every form of appraisal review, review process and the obligations of review appraisers.
At Accurate Appraisal Associates CMAS, you can rely on our honest judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and service offerings. |
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Accurate Appraisal Associates CMAS knows what the biggest reporting defects are, specifically in our housing market. We also understand what makes a quality appraisal.
In the same regard, the professionals at Accurate Appraisal Associates CMAS are adequately skilled to admit that our competition in our market are qualified to do a fine job.
The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can trust Accurate Appraisal Associates CMAS to lawfully valuate appraisal reports performed by others. And those others might be examining our work, too!