Quality Appraisal Reviews by ASAP Appraisal Services, Inc.

According to an announcement by the Federal Reserve, "financial institutions are obligated to have effective, unbiased real estate appraisal and evaluation programs," and that appraisers completing reviews should "have the proficiency and skills to assess compliance with the Federal Reserves appraisal regulations and guidelines." If you're looking for appraisal review services that are objective, efficient, professional and in accordance with the Federal Reserve's regulations, look no further than ASAP Appraisal Services, Inc..

If you're in the need of a real estate appraisal review or have questions in reference to an appraisal, contact ASAP Appraisal Services, Inc. today.

Appraisal reviews "ought to figure out whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the manner by which the collateral valuation is collected guarantees independence and quality," according to the Federal Reserve. In addition, they "must signify whether the appraisal or evaluation report matches the letter of engagement, which gives an account of the capacity of the appraisal assignment." Lastly, the Federal Reserve states that "some institutions supplement regular reviews with post-funding assessments of appraisal quality for a number of their high-risk or high-value transactions as a control to help in revealing valuation problems."

In addition to adapting our work to the procedures and guidelines of our review clients, there are four Fannie Mae forms that are largely 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. At ASAP Appraisal Services, Inc., we are trained in every form of appraisal review, review procedure and the requirements of review appraisers.

We are familiar with what the greatest imperfections are, particularly in our housing market, as well as what represents a quality appraisal. The professionals at ASAP Appraisal Services, Inc. are also trained enough to respect that the competition in our market are capable of a great job. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to justly review appraisal reports completed by others. And those others could be studying our work, too!

Here at ASAP Appraisal Services, Inc., you can count on our independent judgment, because we offer professional, fair, ethical appraisal review services for our customers. Contact us for more information about our qualifications, expertise and services offered.